Which of the Following Factors Weakens the Case for Private-Sector

question 137

Multiple Choice

Which of the following factors weakens the case for private-sector provision of goods and services relative to public-sector provision?

• A) externalities
• B) the rational-ignorance effect
• C) the shortsightedness effect
• D) well-informed consumers

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Definitions:

Type A

A personality type characterized by competitiveness, high ambition, and a sense of urgency, often associated with a higher risk for heart disease.

Easygoing People

Individuals characterized by a relaxed, tolerant, and flexible approach to life, often adapting to circumstances with minimal stress.

Frustration

An emotional state that arises when a person is blocked from achieving a goal or fulfilling a need, leading to feelings of discontent and dissatisfaction.

Need for Achievement

The drive to excel, to achieve in relation to a set of standards, to strive to succeed.