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:

Heredity

The transmission of physical or mental traits from one generation to the next through genetics.

Environmental Influences

External factors such as culture, education, social relationships, and physical surroundings that affect individual behavior and development.

Nature

The phenomena of the physical world collectively, including plants, animals, the landscape, and other features and products of the earth, as opposed to humans or human creations.

Academic Performance

The extent to which a student, teacher, or institution has achieved their short or long-term educational goals.