When Something of Value Has No Price Attached to It,such

question 123

Multiple Choice

When something of value has no price attached to it,such as a public good,what will likely happen

• A)Externalities will be present.
• B)The good will be completely used up.
• C)Only those who are better off have to pay.
• D)Private companies will eventually produce the product and the good will no longer be free.

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Definitions:

Property Tax Rates

The rate at which property in a particular area is taxed.

Hobby Farms

Small-scale farms operated more for leisure and enjoyment than for profit, often focusing on the cultivation of food for the family or specialty crops.

Percent More

A term used to describe how much one quantity is larger than another as a percentage of the second quantity.

Increased By

A term used to indicate that a quantity is being added to, or grown in value or amount.