Radio and Television Broadcasting Services in the United States Partially

question 54

Multiple Choice

Radio and television broadcasting services in the United States partially avoid a free-rider problem by

• A)using advertising to pay for the services.
• B)converting the services from excludable to nonexcludable goods.
• C)converting the services from private to public goods.
• D)broadcasting unscrambled programs over the airwaves.
• E)charging the government for their services.

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Definitions:

Affordable Care Act

A comprehensive health care reform law enacted in March 2010 in the United States, aimed at expanding health insurance coverage, reducing health care costs, and improving health care system efficiency.

Inefficiencies

Situations where resources are not used in the most productive way, often leading to waste or a loss of potential value.

PPOs

Stands for Preferred Provider Organizations, a type of health insurance plan that offers a network of healthcare providers from which policyholders can choose for their medical care, often at a discounted rate.

HMOs

Health Maintenance Organizations that provide health insurance coverage using a network of doctors, hospitals, and other healthcare providers.