To Properly Justify the Governmental Provision of a Public Good,it

question 128

Multiple Choice

To properly justify the governmental provision of a public good,it must be the case that the __________ and that __________.

• A)good is indeed a public good;the majority of voters want it to be provided
• B)benefits exceed the costs;no lower cost provider exists
• C)voters desire the good;no new taxes will be needed
• D)benefits exceed the costs;a majority of voters value the good equally

---

Definitions:

Direct Cost

Expenses that can be directly tied to the production or sale of a specific product or service.

Bankruptcy

A legal process involving a person or business that is unable to repay outstanding debts, resulting in the selling off of assets to pay creditors.

Appraisers

Professionals who estimate the value of property, such as real estate or fine art, often used for tax, insurance, or sale purposes.

Earnings per Share

A company's profit divided by its number of outstanding shares of stock, indicating the portion of a company's profit allocated to each share.