Government Provides a Nonexcludable Public Good That No One Wants

question 59

Multiple Choice

Government provides a nonexcludable public good that no one wants.This situation is most closely related with:

• A) government solving a market failure.
• B) government failure.
• C) market failure.
• D) the market solving a government failure.

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Definitions:

Breach of Contract

The violation or failure to fulfill any term of a contract without a legitimate legal excuse.

Medical Ethics

A field of applied ethics that examines the principles and guidelines health care professionals use to make decisions regarding patient care and clinical practice.

Hippocratic Oath

An ethical code attributed to the ancient Greek physician Hippocrates, outlining principles for the conduct of medical professionals.

Message

A piece of communication or information conveyed from one person, group, or system to another.