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Which of the Following Is a Disadvantage of Government Provision

question 429

Multiple Choice

Which of the following is a disadvantage of government provision of a public good such as national defense? (i)
The government does not know the exact willingness of consumers to pay for the public good.(ii)
The free-rider problem is more likely to occur when the government provides a public good than when the private sector provides a public good.(iii)
Taxpayers do not agree on the optimal quantity of the public good that the government should provide.


Definitions:

Dendrites

Branch-like extensions of neurons that receive electrochemical signals from other neurons.

Corpus Callosum

A large band of neural fibers that connects the left and right hemispheres of the brain, facilitating communication and coordination between them.

Reticular Formation

A network of neurons located in the brainstem that plays a key role in controlling arousal and consciousness.

Somatosensory Cortex

The section of cortex in which sensory stimulation is projected. It lies just behind the central fissure in the parietal lobe.

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