A government-sponsored good is one that
A) everybody is willing to support with funding contributions.
B) is inherently valuable.
C) the political process has determined socially desirable.
D) everybody will receive concrete benefits from.

Question

Quizplus · Accepted Answer

A government-sponsored good is determined as socially desirable based on the political process, which involves collective decision-making for the common good of society. It may not necessarily have concrete benefits for each individual or be inherently valuable, but it is supported by funding from the government or taxpayers to provide benefits or services that are considered necessary or important for the well-being of society as a whole.

A Government-Sponsored Good Is One That