B
The explanation: common sense ?
Answer:
Comparative advantage differs in that it takes into consideration the opportunity costs involved when choosing to manufacture multiple types of goods with limited resources.
Explanation:
The most tipycal example is the sustancial different between communist and capitalist economist in the 20th century
While the USSR and CHINA focus resources into specific areas like military, space program and other, the rest of the economy halved sustancially while the US and other OTAN members manage to acomplish the same amount of military or lower in some cases(USSR have more missiles and Atomic Boms than US), their economies thrived as their didn't renounce to the production of consumer good to make this.
Another example is the metal en road production While communist China used forced labor and thousand of people they manage to do more road than Europe but Europe used much less worker and thus, lower opportunity cost. and more of other goods could be produced.
The market for public goods such as city parks are often subject to market failure . Private markets tend to undersupply these goods and services because of the free rider problem. One solution to this problem is for government to use people’s tax dollars to provide for public goods.
A public good is a good that consumers cannot be excluded from consuming and it is also non-rivalrous. For example, everyone has access to a city park.
A private good is a good that consumers can be excluded from consuming and it is also a rivalled good. For example, a private good is a pair of jeans. You would have to pay for the jeans and once you buy the jeans another person cannot buy the jeans.
Market failure occurs when the market is unable to efficiently distribute goods and services to consumers. The free rider problem is a type of market failure. It is when consumer enjoy the benefits of a public good but do not pay for these products.
To learn more about public goods, please check: brainly.com/question/12390476?referrer=searchResults
