The Most Appropriate Level of Government to Provide Public Goods

question 61

Multiple Choice

The most appropriate level of government to provide public goods is:

• A)local.
• B)state.
• C)dependent on the specific public good in question.
• D)federal.

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Definitions:

Marginal Analysis

An approach in economics that examines the effects of adding to or subtracting from the current situation.

Cell Phones

Portable electronic devices used for communication, internet browsing, and multimedia playback.

Total Profit

The total income a business earns after paying all costs and expenses.

Marginal Cost Curve

A graphical representation showing how the cost to produce one additional unit of a good changes as the production level increases.