Which of the Following Is True of Public Goods

question 66

Multiple Choice

Which of the following is true of public goods?

• A) They can only be supplied by the government.
• B) They will tend to be supplied efficiently by the private sector when markets are competitive.
• C) It is difficult to establish a one-to-one link between payment and receipt of such goods.
• D) From an efficiency standpoint, private markets will tend to supply an excessively large amount of public goods.

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Definitions:

Civil Rights Movement

A decades-long struggle by African Americans and their allies in the mid-20th century to end legalized racial discrimination, disenfranchisement, and racial segregation in the United States.

Ngo Dinh Diem

The first president of South Vietnam (1955–1963), whose leadership was marked by the controversial policies against Communists and Buddhists, eventually leading to his assassination during the Vietnam War.

Communist

Refers to a political and economic ideology that aims at establishing a classless society where the means of production are owned communally and wealth is distributed according to need.