A Public Good Will

question 98

Multiple Choice

A public good will:

• A) be efficiently provided by the free market as long as its total benefits exceed its total costs.
• B) be efficiently provided by the free market as long as its marginal benefits exceed its marginal costs.
• C) be provided in less than efficient quantities by the free market.
• D) be provided in efficient quantities by voluntary contributions.
• E) not be provided by the government.

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Definitions:

Dependent Variable

In an experimental setting, the variable being tested and measured, presumed to change in response to variations in the independent variable.

Sample Correlation Coefficient

A numerical value that determines both the magnitude and direction of a straight-line association between two variables measured quantitatively in a given sample.

Dependent Variable

The outcome factor whose variations are studied to determine the effect of one or more independent variables.

Independent Variable

A variable presumed to influence or determine the value of another variable, often called the dependent variable.