One Reason Markets May Fail to Provide the Optimal Quantity

question 55

Multiple Choice

One reason markets may fail to provide the optimal quantity of public goods is the problem of

• A)determining what the public wants.
• B)nondiscrimination.
• C)free riders.
• D)economic integration.

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Definitions:

Reflex Responses

Automatic, involuntary responses of the nervous system to stimuli, requiring no conscious input.

Ascending Tracts

Nerve pathways that go upwards in the spinal cord and carry sensory information from the body to the brain.

Descending Tracts

Pathways in the spinal cord that transmit motor commands from the brain to the body, controlling voluntary movements.

Spinal Cord

The long, thin, tubular structure made from nervous tissue that extends from the brainstem down the vertebral column, conducting nerve impulses between the brain and the rest of the body.