Which of the Following Statements Is Not Correct

question 204

Multiple Choice

Which of the following statements is not correct?

• A) Environmental degradation is an example of the Tragedy of the Commons.
• B) Cost-benefit analysis is an important tool that economists use to evaluate the benefits of providing a public good.
• C) Some goods, such as lighthouses, may be either private or public goods.
• D) The free-rider problem prevents governments from supplying public goods.

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Definitions:

Purchasing Manager

A professional responsible for sourcing goods and services for a company, negotiating contracts, and managing supply chain relations.

Appropriate Suppliers

Vendors or providers that meet specific criteria for quality, reliability, and ethical standards, suitable for a business's needs.

Transportation Of Goods

The process of moving products from one location to another, often involving various modes of transport such as trucks, ships, or planes.

Inventory Carrying Costs

The total costs associated with holding and storing inventory, including warehousing, insurance, depreciation, and opportunity costs.