The Private Market Would Not Supply the Optimal Amount of National

question 172

Multiple Choice

The private market would not supply the optimal amount of national defence because:

• A)private citizens don't value national defence enough to cover the cost of private provision
• B)no-one has the right to attach a price to it and profit from its use
• C)private suppliers are unable to produce national defence
• D)the government would quickly take advantage of the profit opportunity and undersell to the private suppliers

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Definitions:

Great Lakes

A group of five large freshwater lakes located on the border between the United States and Canada, consisting of Lakes Superior, Michigan, Huron, Erie, and Ontario, which together form the largest group of freshwater lakes by area in the world.

European Ships

Maritime vessels originating from European countries, historically significant for exploration, trade, and cultural exchange.

Salmon Farming Operations

The commercial breeding, rearing, and harvesting of salmon in controlled environments or enclosures.