Which of the Following Is a Disadvantage of Government Provision

question 429

Multiple Choice

Which of the following is a disadvantage of government provision of a public good such as national defense? (i)
The government does not know the exact willingness of consumers to pay for the public good.(ii)
The free-rider problem is more likely to occur when the government provides a public good than when the private sector provides a public good.(iii)
Taxpayers do not agree on the optimal quantity of the public good that the government should provide.

• A)(i) only
• B)(i) and (ii) only
• C)(i) and (iii) only
• D)(i), (ii), and (iii)

Grasp the concept and implications of evoked and inept sets in consumer choices.

Understand the role of product knowledge and its effect on consumer search behavior.

Recognize various principles and theories related to consumer decision making, including prospect theory and the view of Herbert Simon.

Understand the influence of online search engines and social media on consumer and marketer behaviors.

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Definitions:

Illness Behaviors

The ways in which individuals perceive, cope with, and react to symptoms of sickness or disability.

Internal Variable

Factors within an organization or system that can affect its performance and outcomes, often controllable by the organization.

Visibility of Symptoms

The extent to which the signs of a disease or condition can be observed or are noticeable to others.

Cognitive Activity

Cognitive functions that enable the acquisition of understanding and awareness, encompassing activities such as reasoning, recognizing, recollecting, evaluating, and solving issues.