Vocabulary List Flashcards
Vocabulary
1
Q
Market
A
2
Q
Positive statement
A
3
Q
Normative statement
A
4
Q
Scarcity
A
5
Q
Ceterus Perebus
A
6
Q
non-rivalous
A
7
Q
non-excludable
A
8
Q
non-rejectable
A
9
Q
free riders
A
10
Q
Private goods
A
11
Q
club goods
A
12
Q
common resources
A
13
Q
public goods
A
14
Q
marginal social benefit
A
15
Q
A
