Explain What a Public Good Is and Give an Example

question 8

Essay

Explain what a public good is and give an example. What problems are associated with determining how much of a public good should be provided?

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Definitions:

Social Desirability Bias

The tendency of respondents to answer questions in a manner that will be viewed favorably by others, potentially skewing research results.

Control Group

In experimental research, a group of subjects that does not receive the experimental treatment or intervention, used as a benchmark to measure how other tested subjects do.

High Calorie

Describes food or drink that has a high energy content per serving, typically associated with increased fat or sugar content.

Normal Chow

A standard or control diet used in laboratory experiments with animals.