USU-Intro To MacroEcon - Assignment 11

Comparative advantage 4 the group project problem 5

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Unformatted text preview: omparative advantage 4. the group-project problem 5. the law of demand Question 16 (1 point) Which of the following statements is false? 1. Public goods must be provided by government if they are to be provided at all 2. National defense is an example of a public good 3. A private market will provide an inefficiently small quantity of public goods 4. The free-rider problem often arises with the provision of public goods 5. None of these; they are all true Question 17 (1 point) The result of adverse selection is that 1. low quality consumers or producers drive higher quality consumers or producers out of the market 2. higher quality consumers or producers drive low quality consumers or producers out of the market 3. higher quality consumers provide low quality producers a lucrative market position 4. only higher quality consumers drive low quality producers out of the market 5. o...
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This homework help was uploaded on 03/18/2014 for the course ECON 2010 taught by Professor Staff during the Spring '08 term at Utah Valley University.

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