Since healthcare is provided by the NHS in the UK, it is a public good rather than a private good. Question 25Select one: True False Question text If a good is excludable and has a near-zero marginal cost, it is probably a club good. Question 26Select one: True False Question text Given that there is a limited quantity of pollution we can add to the Earth's atmosphere before it becomes degraded, we can regard the air as a common-pool resource. Question 27Select one: True False Question text Positive externalities can cause Pareto-inefficiency. Question 28Select one: True False
Since healthcare is provided by the NHS in the UK, it is a public good rather than a private good. Question 25Select one: True False Question text If a good is excludable and has a near-zero marginal cost, it is probably a club good. Question 26Select one: True False Question text Given that there is a limited quantity of pollution we can add to the Earth's atmosphere before it becomes degraded, we can regard the air as a common-pool resource. Question 27Select one: True False Question text Positive externalities can cause Pareto-inefficiency. Question 28Select one: True False
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Since healthcare is provided by the NHS in the UK, it is a public good rather than a private good.
Question 25Select one:
True
False
Question text
If a good is excludable and has a near-zero marginal cost, it is probably a club good.
Question 26Select one:
True
False
Question text
Given that there is a limited quantity of pollution we can add to the Earth's atmosphere before it becomes degraded, we can regard the air as a common-pool resource.
Question 27Select one:
True
False
Question text
Positive externalities can cause Pareto-inefficiency.
Question 28Select one:
True
False
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