If the Free Market Is Called Upon to Provide Public

question 67

Multiple Choice

If the free market is called upon to provide public goods, then:

• A) there will more goods provided than is optimal.
• B) there will be fewer goods provided than is optimal.
• C) the market will provide the optimal number of goods.
• D) the market price will be correct, but the optimal amount of output will not be produced.

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Definitions:

Infirmity

The condition of being physically weak or frail, often due to illness or aging.

Optimism

A mindset characterized by a positive outlook and expectation that good things will happen.

Cognitive Functioning

Involves mental processes such as thinking, reasoning, remembering, problem-solving, and decision-making.

Pessimists

Individuals who generally expect negative outcomes or focus on the worst aspects of situations.