Which of the Following Is Usually True About Government-Provided Goods

question 21

Multiple Choice

Which of the following is usually true about government-provided goods?

• A)These goods have a zero opportunity cost.
• B)These goods are not scarce.
• C)People do not have to pay an explicit fee to enjoy these goods.
• D)The invisible hand is at work to ensure these goods are provided in the market

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Definitions:

Listening

The active process of receiving, understanding, and responding to spoken words or sounds.

Culture

A collection of common beliefs, objectives, conventions, and behaviors that define a group, organization, or institution.

Cross-Cultural Communication

The process of exchanging information and ideas between individuals from different cultural backgrounds.

Tolerance

The capacity to accept or endure differences, opinions, or behavior without agreement or objection.