PRINCIPLES OF MICROECONOMICS (OER)
PRINCIPLES OF MICROECONOMICS (OER)
2nd Edition
ISBN: 9781947172340
Author: Timothy Taylor, Steven A. Greenlaw
Publisher: OpenStax
Textbook Question
Book Icon
Chapter 1, Problem 22CTQ

Can you think of any examples of free goods, that is, goods or services that are not scarce?

Expert Solution & Answer
Check Mark
bartleby

Trending nowThis is a popular solution!

See solution
Check out sample textbook solution
Blurred answer
Previous
Chapter 1, Problem 21CTQ
Next
Chapter 1, Problem 23CTQ
Students have asked these similar questions
Can you think of any examples of free goods, thatis, goods or services that are not scarce?
Explain the difference between a free good and an economic good.
What are examples of free-market economies?

Chapter 1 Solutions

PRINCIPLES OF MICROECONOMICS (OER)

Ch. 1 - What is scarcity? Can you think of two causes of...Ch. 1 - Residents of the town of Smithfield like to...Ch. 1 - A consultant works for 200 per hour. She likes to...Ch. 1 - A computer systems engineer could paint his house,...Ch. 1 - What would be another example of a system in the...Ch. 1 - Suppose we extend the circular flow model to add...Ch. 1 - What is an example of a problem in the world...Ch. 1 - The chapter defines private enterprise as a...Ch. 1 - Why might Belgium, France, Italy, and Sweden have...Ch. 1 - Give the three reasons that explain why the...
Ch. 1 - What are three reasons to study economics?Ch. 1 - What is the difference between microeconomics and...Ch. 1 - What are examples of individual economic agents?Ch. 1 - What are the three main goals of macroeconomics?Ch. 1 - How did John Mayhem Keynes define economics?Ch. 1 - Are households primarily buyers or sellers in the...Ch. 1 - Are firms primarily buyers or sellers in the goods...Ch. 1 - What are the three ways that societies can...Ch. 1 - What is globalization? How do you think it might...Ch. 1 - Suppose you have a team of two workers: one is a...Ch. 1 - Why would division of labor without trade not...Ch. 1 - Can you think of any examples of free goods, that...Ch. 1 - A balanced federal budget and a balance of trade...Ch. 1 - Macroeconomics is an aggregate of what happens at...Ch. 1 - Why is it unfair or meaningless to criticize a...Ch. 1 - Suppose, as an economist, you are asked to analyze...Ch. 1 - Why do you think that most modern countries...Ch. 1 - Can you think of ways that globalization has...

Additional Business Textbook Solutions

Find more solutions based on key concepts
Real options and its types. Introduction: The net present value is the variation between present cash inflows v...

Gitman: Principl Manageri Finance_15 (15th Edition) (What's New in Finance)

Quick ratio and current ratio (Learning Objective 7) 1520 min. Consider the following data COMPANY A B C D Cash...

Financial Accounting, Student Value Edition (5th Edition)

E2-13 Identifying increases and decreases in accounts and normal balances Learning Objective 2 Insert the mis...

Horngren's Accounting (12th Edition)

An experimental composite engine block for an automobile will trim 20 pounds of weight compared with a traditio...

Engineering Economy (17th Edition)

The meaning of straddle. Introduction: Option is a contract to purchase a financial asset from one party and se...

Corporate Finance (4th Edition) (Pearson Series in Finance) - Standalone book

1-13. Identify a product, either a good or a service, that will take advantage of this opportunity. Although yo...

Business Essentials (12th Edition) (What's New in Intro to Business)

Knowledge Booster
Background pattern image
Similar questions
Recommended textbooks for you
Text book image
Economics (MindTap Course List)
Economics
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Cengage Learning
Text book image
Macroeconomics
Economics
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Cengage Learning
Text book image
Microeconomics
Economics
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Cengage Learning
Text book image
Microeconomics: Private and Public Choice (MindTa...
Economics
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Text book image
Macroeconomics: Private and Public Choice (MindTa...
Economics
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Text book image
Economics: Private and Public Choice (MindTap Cou...
Economics
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
SEE MORE TEXTBOOKS