In the Case of Nonexcludable Goods,economists Contend That the Market

question 34

Multiple Choice

In the case of nonexcludable goods,economists contend that the market ___________ produce these goods because of the ________________________.

• A) will; free rider problem
• B) will not; law of diminishing marginal utility
• C) will not; law of diminishing marginal returns
• D) will not; free rider problem.

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Definitions:

Authoritative Parenting

Style of parenting in which parent combines warmth and affection with firm limits on a child’s behavior.

Sexually Transmitted Infections

Infections that are primarily spread through sexual contact, including bacteria, viruses, and parasites.

Viral

Pertaining to a virus, or in a broader sense, content that spreads rapidly through the internet or other media.

Bacterial

Pertaining to bacteria, which are single-celled, microscopic organisms that can be beneficial, neutral, or pathogenic to humans.