Which of the Following Is True of Public Goods

question 116

Multiple Choice

Which of the following is true of public goods?

• A)The market mechanism helps to signal the quantity that is demanded by the public.
• B)Payment for consumption is efficiently provided by market prices.
• C)Consumption by one person does not preclude consumption of the same good by another person.
• D)The public sector is guided to produce the correct quantity by market prices.
• E)Voluntary contributions will be sufficient to finance the production of public goods.

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Definitions:

Post

Can refer to content shared on social media platforms, blogs, or forums; may also pertain to a job position.

Evaluating

The process of assessing or judging the value, quality, or importance of something through careful consideration and analysis.

Podcasting

The creation and distribution of audio or video episodes over the internet, often available for subscription and download.

Crowdsourcing

The practice of obtaining information, ideas, or content by soliciting contributions from a large group of people, typically from the online community.