Public Goods Are Provided by Government Because

question 25

Multiple Choice

Public goods are provided by government because

• A)governments are more efficient than private firms at producing public goods.
• B)free-rider problems result in underproduction by private markets.
• C)people value public goods very highly.
• D)private firms will make an economic profit.
• E)private firms do not take into account the impact of external costs.

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Definitions:

Triandis

Harry C. Triandis was a prominent psychologist known for his work on individualism and collectivism in cultural psychology.

Authoritarian Societies

Societies characterized by strong central power and limited political freedoms, where obedience to authority is heavily emphasized.

Idiographic

Approaching study or research with a focus on the individual, understanding their unique characteristics and experiences.

Presidential Nominee

An individual selected or proposed by a political party or convention to run as a candidate for the office of president in an election.