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.Management Sciences
A. it is efficient for the government to tax the resident €2,000 each and repair the road
B. It is efficient for each neighbour to pay €3,000 to repair the section of street in front of his/her home
C. None of these answers are true
D. it is not efficient to have the street repaired
Related Mcqs:
- If one person’s consumption of a good diminishes other people’s use of the good, the good is said to be ?
- A. rival B. a good produced by a natural monopoly C. a common resource D. excludable...
- A common resource is ?
- A. not rival but excludable B. both rival and excludable C. rival but not excludable D. neither rival nor excludable...
- A positive externality affects market efficiency in a manner similar to a ?
- A. rival good B. public good C. private good D. common resource...
- A negative externality affect market efficiency in a manner similar to ?
- A. an excludable good. B. a private good C. a common resource D. a public good....
- Which of the following is an example of a common resource ?
- A. a firework displays B. national defense C. iron one D. a national park...
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