Which of the Following Statements Is True

question 82

Multiple Choice

Which of the following statements is true?

• A) There are likely to be merit and demerit goods in a market where there is complete information.
• B) Merit goods provide consumers with more bene?ts than they may expect.
• C) Education and health care are examples of demerit goods.
• D) Smoking and drinking are examples of merit goods.

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Definitions:

Do Your Best Goal

An objective that encourages individuals to perform to the highest of their abilities without specific performance benchmarks.

Valence

In psychology, refers to the intrinsic attractiveness (positive valence) or averseness (negative valence) of an event, object, or situation.

Specific, Challenging

Goals that are clear and precise, requiring effort and commitment to achieve, and are often motivating.

Expectancy Theory

A motivation theory that suggests an individual's motivation is influenced by their expectation that their effort will lead to desired performance and that performance will lead to a desired reward.