Question

In: Economics

Which of the following scenarios are typically subject to market failure? (select all that apply) a....

Which of the following scenarios are typically subject to market failure? (select all that apply)

a.

A private good

b.

A service, such as national defense, where people can free ride

c.

An externality

d.

A price ceiling that is above the equilibrium price

e.

A good that is non-excludable and non-rival

Solutions

Expert Solution

The valid options are:

  • Option B
  • Option C
  • Option E

Explanation: Services such as national defense come under public goods which the private market cannot effectively produce. An externality leads to over allocation or under allocation of resources. A good that is non-excludable and non-rival is a public good.


Related Solutions

Which of the following scenarios contain nonbiased samples? Select all that apply. Select all that apply:...
Which of the following scenarios contain nonbiased samples? Select all that apply. Select all that apply: To estimate the mean height of students at her school, Kelly collects data by selecting a random group of students within her classroom. Elizabeth wants to estimate the mean grade point average of students at her school. She collects data by recording the grade point average of every 25th student on the list of students after a randomly selected first student. Andrew wants to...
Which of the following types of solids typically contain electronegative atoms? Select all that apply. Select...
Which of the following types of solids typically contain electronegative atoms? Select all that apply. Select all that apply: metallic ionic covalent network molecular
Which of the following statements is incorrect? Select all that apply.
 Which of the following statements is incorrect? Select all that apply. The eukaryotic ribosome uses both the 5' cap and the 3' tail to correctly position the ribosome on the initation codon GTP is hydrolyzed by aminoacyl-tRNA synthetases to prepare amino acids for attachment to tRNAs The peptidyl-transferase activity of the ribosome is catalyzed by one of the protein domains of the large ribosomal subunit The Shine-Dalgarno consensus sequence is located downstream of the initiation codon and base pairs with the 16S rRNA of...
A subquery can select which of the following in MySQL? (Select all that apply) • A...
A subquery can select which of the following in MySQL? (Select all that apply) • A single row and a single column • Multiple rows with a single column • Mutiple rows and multiple colmns • A single row with multiple columns
Which of the following compounds cannot form a pyranose? Select all that apply. Select all that...
Which of the following compounds cannot form a pyranose? Select all that apply. Select all that apply from the following: D-allose D-altrose D-­arabinose D-erythrose D-erythrulose D-fructose D-­galactose D-­glucose D-­glyceraldehyde D-­gulose D-idose D­‐lyxose D-­mannose D‐psicose D-ribose D-ribulose D-­sorbose D-tagatose D-talose D-­threose D‐xylose D-­xylulose None of the above
Which of the following homeostatic processes requires calcium? (Select all that apply.) Check All That Apply...
Which of the following homeostatic processes requires calcium? (Select all that apply.) Check All That Apply neural communication blood clotting bone repair and growthbone repair and growth production of gametesproduction of gametes muscle contraction
Which of the following statements are correct (Select all that apply): Select one or more: A....
Which of the following statements are correct (Select all that apply): Select one or more: A. An income statement reports on financing activities. B. A balance sheet reports on investing and financing activities. C. The statement of cash flows reports on cash flows from operating, investing, and financing activities over a period of time. D. A balance sheet reports on a company's assets and liabilities over a period of time. E. The statement of equity reports on changes in the...
Which of the following statements are correct (Select all that apply): Select one or more: A....
Which of the following statements are correct (Select all that apply): Select one or more: A. A balance sheet reports on investing and financing activities. B. An income statement reports on financing activities. C. The statement of equity reports on changes in the accounts that make up equity. D. The statement of cash flows reports on cash flows from operating, investing, and financing activities over a period of time. E. A balance sheet reports on a company's assets and liabilities...
Which of the following is not a derivative security? Select all that apply. A share of...
Which of the following is not a derivative security? Select all that apply. A share of common stock B call option C futures contract D bond 2) Which of the following are benefits of investing through a mutual fund? Select all that apply. A Professional management B Capacity for greater diversification C Access to high-price non-divisible assets D Greater liquidity for illiquid asset classes
Which of the following are TRUE? Select all that apply. A probability of 1 is the...
Which of the following are TRUE? Select all that apply. A probability of 1 is the same as a probability of 100% The difference between interval and ordinal data is that interval data has a natural zero. If you are doing a study and the population is Americans, the easiest type of study to run would be a simple random sample. If your population is 80% female and your sample is 60% male, there is undercoverage bias. In order to...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT