Which of the Following Statements Is True About Public Goods

question 34

Multiple Choice

Which of the following statements is true about public goods?

• A)They are always produced by the government.
• B)The market-determined output is efficient.
• C)The government can hire a private entity to produce a public good.
• D)Nonexcludability is sufficient condition for a good to classified as a public good.

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Definitions:

Federal Mandates

Directives issued by the federal government that require state and local governments to comply with certain rules and regulations, often without providing corresponding funding.

Social Federal Legislation

Social Federal Legislation refers to laws passed by the national government to address social issues and needs, such as health, education, and welfare.

Civil War

A war between citizens of the same country.

Police Power

Police power refers to the capacity of a state to regulate behaviors and enforce order within its territory for the betterment of the health, safety, morals, and general welfare of its inhabitants.