Individuals Want Nonexcludable Public Good X,but the Market Does Not

question 46

Multiple Choice

Individuals want nonexcludable public good X,but the market does not provide it because of the free rider problem.Government overcomes the free rider problem by ______________ individuals and then either producing good X itself or paying someone to produce it.

• A) forcing individuals to work longer hours
• B) taxing
• C) surveying
• D) subsidizing
• E) none of the above

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Definitions:

Visual Acuity

The clarity or sharpness of vision, measured as the ability to discern letters or numbers at a standardized distance according to a fixed standard.

Laboratory Test Results

The outcomes provided by laboratory examinations which are crucial for diagnosing, monitoring, and managing disease conditions.

Alcohol-Use Disorder

A medical condition characterized by an impaired ability to stop or control alcohol use despite adverse social, occupational, or health consequences.

Aspartate Aminotransferase/Alanine Aminotransferase

Enzymes found in the liver and other tissues, high levels in the blood can indicate liver damage.