Governments should provide nonrival, nonexcludable goods only if the social benefits of the goods outweigh the cost of producing those goods.

Question

Quizplus · Accepted Answer

Nonrival and nonexcludable goods, also known as public goods, should be provided by governments if the social benefits (such as improved public welfare, security, or economic stability) exceed the costs of production and distribution. This ensures efficient allocation of resources and maximizes societal welfare.

Governments Should Provide Nonrival, Nonexcludable Goods Only If the Social