A Good Whose Consumption the Public Sector Encourages on Grounds

question 37

Multiple Choice

A good whose consumption the public sector encourages on grounds that individuals don't adequately weigh its benefits is a:

• A)private good.
• B)public good.
• C)demerit good.
• D)merit good.

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Definitions:

Privileged Deviance

Deviant acts committed by individuals of higher social status, which often go unpunished or are treated leniently due to their position.

Organized Crime

Criminal activities that are planned and controlled by powerful groups and carried out on a large scale.

Tax Evasion

The illegal act of not paying taxes by individuals, corporations, and trusts, through various means including dishonest tax reporting.

Criminally Negligent

Involving a lack of care or foresight in actions or omissions that lead to unlawful harm or damage to others.