Government must provide economically desirable public goods because:
A) private production of these goods would entail unacceptably high levels of external costs.
B) the availability of such goods yields no benefits to individual consumers.
C) the benefits yielded by such goods cannot be withheld from those who refuse to pay for them.
D) their provision is necessary if we are to reduce unemployment and inflation.
Correct Answer:
Verified
Q42: The major difficulty in asking people to
Q43: The following information is for a public
Q44: Assume there is no way to prevent
Q45: Answer the next question on the basis
Q47: For which one of the following would
Q48: Answer the next question on the basis
Q49: Which of the following statements is correct?
A)Private
Q50: The market demand curve for a public
Q51: The following information is for a public
Q82: Cost-benefit analysis attempts to
A)compare the real worth,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents