A government-sponsored good is one that
A) is desirable to no one but ruled desirable by the court system nonetheless.
B) everyone agrees is socially desirable.
C) freely competitive markets have determined is socially desirable.
D) the political process has determined is socially desirable.

Question

Quizplus · Accepted Answer

A government-sponsored good is determined by the political process, i.e., by the government. It may not necessarily be agreed upon by everyone or determined by competitive markets. Therefore, option D is the best choice.

A Government-Sponsored Good Is One That