Which of the Following About Public Goods Is True

question 62

Multiple Choice

Which of the following about public goods is true?

• A) Consumption of a public good by one individual reduces the availability of the good for others.
• B) It is extremely difficult to limit the benefits of a public good to only the people who pay for it.
• C) Public goods are free to a society when they are produced by the government.
• D) From an efficiency standpoint, a market will generally supply too much of a public good.

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Definitions:

Everyday Tasks

Routine activities or chores that are performed as part of daily living, such as cooking, cleaning, and working.

Cognitive Processes

The mental activities involved in acquiring, processing, and storing knowledge and information.

Information-Processing System

A theoretical framework in cognitive psychology that likens the human mind to a computer, focusing on how people process, store, and retrieve information.

Organic Brain Damage

A condition characterized by permanent or temporary impairment of brain function due to injury or disease affecting the brain's organic structure.