A Public Good Can Be Best Defined as One That

question 10

Multiple Choice

A public good can be best defined as one that:

• A)has no externality associated with its production or consumption.
• B)entails rising costs of production.
• C)yields widespread benefits which cannot readily be denied to the public at large.
• D)yields benefits only to individuals who decide to buy it.

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Definitions:

Genetic Predisposition

An inherited tendency to develop certain traits, conditions, or diseases.

Self-Perception Theory

A psychological theory suggesting people deduce their attitudes and feelings from observing their own behavior and the situations in which this behavior occurs.

Hypothalamus

A region of the brain responsible for the production of hormones that regulate body temperature, hunger, moods, release of hormones from many glands, especially the pituitary gland, sleep, and sex drive.

Frontal Lobe

The part of the brain located in the front of the head, responsible for executive functions such as decision-making, problem-solving, and controlling impulses.