Which of the Following Statements About Public Goods Is True

question 107

Multiple Choice

Which of the following statements about public goods is true?

• A)They cannot be publicly provided.
• B)They are unlikely to be provided by private,profit-seeking firms.
• C)They are essentially negative externalities.
• D)They respond to market signals.
• E)The firms producing them must be listed on a public stock exchange.

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Definitions:

Grandfather Clause

Loophole created by southern disenfranchising legislatures of the 1890s for illiterate white males whose grandfathers had been eligible to vote before the Civil War.

Albion W. Tourgée

A 19th-century American lawyer, judge, and author known for his efforts in civil rights, especially in advocating for African American rights during the Reconstruction era.

Fourteenth Amendment

An amendment to the US Constitution, granting citizenship to all persons born or naturalized in the United States, including former slaves, and guaranteeing all citizens equal protection of the laws.

Supreme Court

The highest judicial court in a country or state, in the United States, it is the ultimate arbiter of the constitutionality of laws.