Which of the Following Statements About the Provision of Public

question 79

Multiple Choice

Which of the following statements about the provision of public goods is true?

• A)Government must always provide public goods.
• B)The optimal amount of public good provision is that level at which all taxpayers receive some of the good.
• C)If the marginal benefit of the public good exceeds the marginal costs,more should be provided.
• D)The optimal amount of public good provision is when total benefits equal total costs.

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Definitions:

Organizing

Process of blending human and material resources through a formal structure of tasks and authority; arranging work, dividing tasks among employees, and coordinating them to ensure implementation of plans and accomplishment of objectives.

Anticipate Future

The act of predicting or expecting upcoming events or trends, allowing individuals or organizations to prepare or adjust accordingly.

Costly Mistakes

Costly Mistakes are errors or poor decisions that result in significant financial loss or damage.

Planning

Process of anticipating future events and conditions and determining courses of action for achieving organizational objectives.