By Definition, a Government-Sponsored Good

question 244

Multiple Choice

By definition, a government-sponsored good

• A) is a good that is deemed socially desirable.
• B) is a good that should be available only to upper-income groups.
• C) is always provided at a zero price.
• D) does not affect society's general welfare.

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Definitions:

Wind Farms

Areas equipped with large numbers of wind turbines used to generate electricity.

Fossil Fuels

Natural fuels such as coal, oil, and natural gas derived from the remains of living organisms that have been buried for millions of years.

Migratory Birds

Birds that travel from one region or climate to another at regular times of the year, often for breeding or climate conditions.

Fallacy of Composition

The error of assuming that what is true of a member of a group is true for the group as a whole.