Microeconomics Questions

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When taking out a loan, the shorter your term length, the your monthly payments, and the the total interest you will pay. higher, lower higher, higher lower, lower lower, higher
Microeconomics
Basic Economic Concepts
When taking out a loan, the shorter your term length, the your monthly payments, and the the total interest you will pay. higher, lower higher, higher lower, lower lower, higher
Which of the following is an example of a private good? a personal computer used to access the internet a public website positions in a free online game limited to 100 people an internet connection from a local cable company
Microeconomics
Basic Economic Concepts
Which of the following is an example of a private good? a personal computer used to access the internet a public website positions in a free online game limited to 100 people an internet connection from a local cable company
What is a public good? A public good is a product or service that one consumer cannot prevent another consumer from using, and is accessible without payment. A public good is a product or service that one consumer cannot prevent another consumer from using, and is not accessible without payment. A public good is a product or service that one consumer can prevent another consumer from using, and is not accessible without payment. A public good is a product or service that one consumer can prevent another consumer from using, and is accessible without payment.
Microeconomics
Basic Economic Concepts
What is a public good? A public good is a product or service that one consumer cannot prevent another consumer from using, and is accessible without payment. A public good is a product or service that one consumer cannot prevent another consumer from using, and is not accessible without payment. A public good is a product or service that one consumer can prevent another consumer from using, and is not accessible without payment. A public good is a product or service that one consumer can prevent another consumer from using, and is accessible without payment.
What is a negative externality? Negative externalities are goods or services that are subject to the free-rider problem. Negative externalities occur when the social cost of a good or service is lower than the private cost. Negative externalities are goods or services that one consumer can limit another consumer's use of. Negative externalities occur when the social cost of a good or service is higher than the private cost.
Microeconomics
Basic Economic Concepts
What is a negative externality? Negative externalities are goods or services that are subject to the free-rider problem. Negative externalities occur when the social cost of a good or service is lower than the private cost. Negative externalities are goods or services that one consumer can limit another consumer's use of. Negative externalities occur when the social cost of a good or service is higher than the private cost.
What does excludability mean for goods and services? The good or service is subject to the free-rider problem. The good or service has a higher social cost than private cost. An excludable good or service's availability to one consumer can be affected by another consumer. An excludable good or service's availability is dependent on payment.
Microeconomics
Basic Economic Concepts
What does excludability mean for goods and services? The good or service is subject to the free-rider problem. The good or service has a higher social cost than private cost. An excludable good or service's availability to one consumer can be affected by another consumer. An excludable good or service's availability is dependent on payment.
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