Local Governments, Rather Than Private Citizens, Are Typically the Providers

question 2

Multiple Choice

Local governments, rather than private citizens, are typically the providers of large fireworks displays. This is because fireworks displays: suffer from the free rider problem. are non-excludable. are rival in consumption.

• A)II only
• B)I and II only
• C)I and III only
• D)I, II, and III

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Definitions:

Social Entrepreneur

An individual who pursues innovative solutions to social problems, combining business principles and strategies with a mission to improve society.

Societal Capitalism

A form of capitalism that emphasizes the importance of societal needs and considerations alongside profit and economic growth.

Sustainable Development

Development that meets the needs of the present without compromising the ability of future generations to meet their own needs, often focusing on environmental, economic, and social sustainability.

Revocation

The act of officially withdrawing, cancelling, or annulling something, such as a legal document, license, or agreement.