Sometimes, Public Goods Whose Benefits Are Less Than Their Costs

question 6

Multiple Choice

Sometimes, public goods whose benefits are less than their costs still get produced because

• A) the marginal benefit is still larger than the marginal cost.
• B) of externalities in production.
• C) the benefits accrue to politically powerful government officials and their constituents.
• D) of market failures.

Recognize the risks associated with certain infant care practices.

Explain factors affecting early physical and emotional infant development.

Understand the basic principles and elements of contract law, including offer, acceptance, consideration, and the capacity to contract.

Identify and evaluate different types of misrepresentations (fraudulent, innocent, and negligent) and their legal consequences.

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Definitions:

Sound

Vibrations that travel through the air or another medium and can be heard when they reach a person's or animal's ear.

Channel

The medium through which a message is sent.

Noise

Unwanted or distracting sounds, but in communication theory, it also refers to any interference that distorts or hinders the transmission of a message.

Compromise

An agreement or a settlement of a dispute reached by each side making concessions.