Which of the Following Is True of Public Goods

question 116

Multiple Choice

Which of the following is true of public goods?

• A)The market mechanism helps to signal the quantity that is demanded by the public.
• B)Payment for consumption is efficiently provided by market prices.
• C)Consumption by one person does not preclude consumption of the same good by another person.
• D)The public sector is guided to produce the correct quantity by market prices.
• E)Voluntary contributions will be sufficient to finance the production of public goods.

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Definitions:

Empty-nest Syndrome

A feeling of grief and loneliness parents may feel when their children move out of the home, leading to an empty house.

Youngest Child

The last-born individual in a family, who may experience different parental expectations and family dynamics than their older siblings.

Rooting

The turning of an infant’s head toward a touch, such as by the mother’s nipple.

Stimuli

External or internal factors that provoke a response in the nervous system or other bodily systems.