It Is Difficult for the Market Process to Provide Public

question 116

Multiple Choice

It is difficult for the market process to provide public goods because

• A) private firms generally cannot undertake large-scale projects.
• B) it will be difficult to get potential consumers to pay for such goods because there is not a direct link between payment for and receipt of the good.
• C) consumers do not really want public goods, even though such goods are best for them.
• D) individuals are generally made worse off by the production of public goods.

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Definitions:

One-Child Policy

was a population control policy of China, implemented from 1979 to 2015, restricting urban couples to having only one child.

People's Republic of China

The official name of China, a sovereign state in East Asia governed by the Communist Party of China, with Beijing as its capital.

Families

Groups of individuals related by blood, marriage, or adoption, who often live together, forming a basic social unit.

Bullied

The experience of being intimidated, harassed, or abused by others, typically in a social, school, or work context.