Which of the Following Is an Example of a Market

question 126

Multiple Choice

Which of the following is an example of a market failure caused by the existence of a public good?

• A) A levee is not built because no one wants to pay for it, even though everyone agrees that it is important.
• B) We send a chimpanzee to space. You think it would be better if we send a lemur.
• C) We spend $300 billion for national defense. You think it is too much.
• D) McDonald's is your favorite restaurant. Other people think the food they serve is unappealing.

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Definitions:

Kaposi's Sarcoma

A type of cancer that causes patches of abnormal tissue to grow under the skin, in the lining of the mouth, nose, throat, or other organs.

HIV Infection

A disease caused by the human immunodeficiency virus, which attacks and weakens the immune system, potentially leading to AIDS.

Physical Activity

Any bodily movement produced by skeletal muscles that requires energy expenditure, contributing to improved health and fitness.

Breast Cancer

A malignant tumor that develops from breast cells, one of the most common cancers affecting women worldwide.