6. Productivity means the same as efficiency.
- False
- True
7. Positive externalities are when the social benefit exceeds the private benefit.
- True
- False
8. Private goods are non-excludability and non-rivalry.
- False
- True
9. In some cases, government intervention can lead to market failure (government failure).
- True
- False
10. Buffer stocks are commonly used for agricultural products.
- True
- False
