Public goods are available everywhere and are <span>both non-excludable and non-rivalrous</span>
They represent a market failure because <span>by their very nature they are nonexcludable and nonrival which makes it difficult for the private sector to supply them profitably. Answer: B
</span>Public goods are nonrival in consumption and their benefits are nonexcludable
Answer:
Both goods are originally labor intensive, so we can conclude that the country has a lot of labor resources, while their capital resources should be rather limited. Since the world price of good X increases compared to the price of good Y, then the country will export larger amounts of good X since its price is relatively higher.
Answer:
<em>The Required Reserve Ratio Is Lowered</em>
hope it helps:)
Answer:
ADVERTISING REGULATIONS
Explanation:
Advertising as an industry may be subject to legal legislation, but it could not be forbidden because it is not inherently unsafe or a drain on resources per se. The right to indulge in any legal private enterprise or occupation protects the right to promote it, and it is an expensive asset right to promote one's goods and services.
Most states have passed laws that vary considerably regarding deceptive advertising. The Federal Trade Commission (FTC) Legislation, as well as the Lanham Act, are indeed the major federal laws regulating misleading advertising. Underneath the FTC Act, misleading advertising comprises advertising that makes portrayals that the ad company does not have reasonable grounds to assume, even if the portrayals are true.
