Which of the Following Is True About Public Goods

question 77

Multiple Choice

Which of the following is true about public goods?

• A) They bestow collective benefits on members of society.
• B) They are excludable since those who do not pay for them can be excluded from enjoying them.
• C) They will be over supplied by the private sector.
• D) They are only produced by government agencies.

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Definitions:

Technical Expertise

Specialized knowledge and skills in a specific field or technology, enabling individuals to perform tasks with high proficiency.

Logrolling

The practice of exchanging favors, especially in politics, by reciprocal voting for each other's proposed legislation.

Economic Efficiency

A state in which every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.

Trading Votes

Trading votes is the practice of exchanging support for policies or candidates in electoral systems or decision-making processes, sometimes referred to as logrolling.