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More cards in this set
Card 6
Front
What is market failure?
Back
Card 7
Front
What is allocative efficiency?
Back
Card 8
Front
What are externalities?
Back
Card 9
Front
What are public goods?
Back
Card 10
Front
What are public goods said to be?
Back
Card 11
Front
What does non- rivalrous mean?
Back
Card 12
Front
What does non-excludable mean?
Back
Card 13
Front
What is the free rider problem?
Back
Card 14
Front
What is the public sector?
Back
Card 15
Front
What is the private sector?
Back
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