Governments Usually Build Highways Because It Is Difficult to Exclude

question 109

Multiple Choice

Governments usually build highways because it is difficult to exclude individuals who don't pay for the highways from using them.What type of market failure is involved?

• A)Inequity.
• B)Public goods.
• C)Externalities.
• D)Market power.

---

Definitions:

Sensorimotor Intelligence

Jean Piaget's stage of cognitive development from birth to about age 2, where infants learn about the world through their sensory impressions and motor activities.

Originally Predicted

Pertains to the initial expectations or forecasts regarding an outcome based on available information at an earlier time.

Object Permanence

The understanding that objects continue to exist even when they cannot be observed or heard, a critical concept in cognitive development of infants.

A-not-B Error

A cognitive error observed in young children, where they wrongly assume that an object at a hidden location remains there even after seeing it being moved to a new location.