Medical research helps to develop better treatments for neuromuscular disease. Medical researchers are constantly in search of funds. Many in the public, however, are unwilling to contribute money toward neuromuscular disease research until a member of their own family suffers from a neuromuscular ailment. If left strictly to the private market, it is likely that there will be:
A) an overallocation of resources to neuromuscular disease research, relative to the efficient level.
B) an underallocation of resources to neuromuscular disease research, relative to the efficient level.
C) an efficient quantity of resources devoted to neuromuscular disease research.
D) an efficient quantity of resources devoted to neuromuscular disease research
Correct Answer:
Verified
Q119: A corrective tax equal to the external
Q120: If the production of a particular good
Q121: The free-rider problem arises when:
A)goods cease to
Q122: Consumers will willingly make less-informed decisions:
A)if information
Q123: When city beautification programs are funded privately:
A)only
Q125: Which of the following goods is least
Q126: Public goods are characterized by:
A)rivalry in consumption.
B)nonrivalry
Q127: An example of a public good is:
A)a
Q128: Sellers may choose not to sell in
Q129: In the absence of government action, the
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