Which of the Following Is an Example of a Market

question 126

Multiple Choice

Which of the following is an example of a market failure caused by the existence of a public good?

• A) A levee is not built because no one wants to pay for it, even though everyone agrees that it is important.
• B) We send a chimpanzee to space. You think it would be better if we send a lemur.
• C) We spend $300 billion for national defense. You think it is too much.
• D) McDonald's is your favorite restaurant. Other people think the food they serve is unappealing.

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Definitions:

Stress

A psychological and physical response to perceived challenges or threats, resulting in a state of strain or tension.

Dissociative Amnesia

Dissociative amnesia is a disorder characterized by temporary memory loss that cannot be attributed to a common neurological or psychiatric cause, often triggered by trauma.

Dissociative Fugue

A rare psychiatric disorder characterized by temporary amnesia regarding one’s identity or past, often accompanied by sudden travel or wandering.

Dissociative Identity Disorder

A psychological condition characterized by the presence of two or more distinct personality states or identities within an individual.