The Market Demand Curve for a Public Good

question 24

Multiple Choice

The market demand curve for a public good

• A)is the horizontal sum of all individual demand curves
• B)is the vertical sum of all individual demand curves.
• C)is upward sloping
• D)is horizontal
• E)does not exist

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Definitions:

Government In Sunshine Act

Federal law which requires that agency business meetings be open to the public if the agency is headed by a collegiate body (i.e., two or more persons, the majority of whom are appointed by the president with the advice and consent of the Senate); also requires that agencies keep records of closed meetings.

Agency Meetings

Meetings held by or at the behest of a governmental agency or department to discuss, inform, or decide on policy or regulatory issues.

Public Access

The ability of the general public to reach, use, or enjoy certain resources or facilities.

Fourth Branch Of Government

An informal term for groups or agencies that influence or assist the three official branches of government (executive, legislative, judicial) but are not officially part of them, such as regulatory agencies.