Governments Provide Public Goods Such as National Defence Because

question 95

Multiple Choice

Governments provide public goods such as national defence because

• A)governments are more efficient than private firms at producing public goods.
• B)of the free-rider problem,which results in underproduction by private firms.
• C)people do not value national defence very highly.
• D)of the potential that private firms will make excess profit.
• E)of external costs.

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Definitions:

Governor Cut-out

A mechanism or system that disengages or reduces fuel supply to an engine when reaching a pre-set speed, to prevent overspeeding.

Increased Compressor Cycling

A condition where an air compressor turns on and off more frequently than normal, often indicating an underlying issue.

Visual Stroke Indicators

Visual stroke indicators are devices that visually indicate the movement or position of a mechanical component, such as a valve or actuator, for monitoring or diagnostic purposes.

Slack Adjuster Stroke

The slack adjuster stroke is the distance a brake adjuster travels to apply the brake shoes against a drum or rotor, crucial for effective braking action.