If Good X Is Available Free of Charge, Then

question 392

Multiple Choice

If good x is available free of charge, then

• A)good x must be provided by nature.
• B)good x must be provided by the government.
• C)the private market cannot ensure an efficient allocation of resources in the market for good x.
• D)government policy is incapable of increasing total surplus in the market for good x.

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Definitions:

Equation

A mathematical statement asserting the equality of two expressions, typically involving one or more variables.

Graph

A visual representation of data or mathematical functions typically displayed using lines, bars, or points on a coordinate system.

Equation

A mathematical proposition that claims equality between two expressions, generally involving variables.

Matching

Matching is a process of pairing or associating items that are similar or correspond to each other, often used in educational settings or algorithms.