Which of the Following Is a Disadvantage of Government Provision

question 420

Multiple Choice

Which of the following is a disadvantage of government provision of a public good?

• A)The government lacks information about what people are willing to pay for the good.
• B)The government does not provide enough of any public good.
• C)The private sector can provide all public goods at a lower cost.
• D)None of the above is a disadvantage.

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Definitions:

Rational Decision-Making Model

A structured or systematic process of making decisions that follows a logical series of steps, from problem identification to selecting the best alternative based on rational criteria.

Escalation Of Commitment

The tendency to invest additional resources in an apparently failing course of action.

Groups

Collections of individuals who interact with one another, share similar characteristics, and collectively have a sense of unity or identity.

Competitive Situations

Scenarios in which individuals or groups compete against each other to achieve a specific goal or outcome.