Suppose That a Remote Community in New Brunswick Lacks Broadband

question 51

Multiple Choice

Suppose that a remote community in New Brunswick lacks broadband access to the Internet.A proponent of the invisible hand view would argue that

• A) government regulation is necessary to ensure access.
• B) the selfish pursuit of profit by Internet service providers will bring access to those willing to pay for it.
• C) the selfish pursuit of pleasure by consumers will cause them to want another unnecessary service.
• D) the consumers need to move to a large city.
• E) the lack of access is the efficient allocation.

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Definitions:

United States

A federal republic consisting of 50 states, a federal district, five major self-governing territories, and various possessions.

Absolute Advantage

The ability of an individual, company, or country to produce a good or provide a service more efficiently than competitors, using the same amount of resources.

Economic Basis

refers to the foundational activities, sectors, or resources upon which an economy is built and sustains its growth.

Absolute Advantage

The ability of an individual, company, or country to produce a good or service more efficiently than competitors.