Which of the following is false?
A) The nature of public goods is such that the government cannot accurately assess the benefits of those affected.
B) National defense and flood control are illustrations of public goods.
C) Just as in the case of external costs, public goods tend to be underprovided by the private sector.
D) All of the above are true.
Correct Answer:
Verified
Q171: In a competitive economy with no government
Q172: Which of the following is true of
Q173: The free rider problem suggests that a
Q174: An individual insured against a particular cost,
A)has
Q175: Public goods:
A)Can be both produced and financed
Q177: Public goods are:
A)any goods or services several
Q178: Which of the following is true?
A)The nature
Q179: The determination of which goods are public
Q180: The consumption of public goods is
A)excludable and
Q181: Pollution reduction policies are likely to lead
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