Which of the Following About Public Goods Is True

question 62

Multiple Choice

Which of the following about public goods is true?

• A) Consumption of a public good by one individual reduces the availability of the good for others.
• B) It is extremely difficult to limit the benefits of a public good to only the people who pay for it.
• C) Public goods are free to a society when they are produced by the government.
• D) From an efficiency standpoint, a market will generally supply too much of a public good.

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Definitions:

Proximity Sensor

A sensor that detects the presence of nearby objects without any physical contact, often used in industrial applications to detect the position of parts and materials.

Circuit

A closed path through which electric current flows, or may flow, including all active and passive components it comprises.

Bar Code Scanners

Devices used to read the information contained in a bar code, translating the bar code's data pattern into a readable format for computers.