Which Statement Is True

question 14

Multiple Choice

Which statement is true?

• A)Externalities and public goods are basic classes of market failure.
• B)Externalities,but not public goods,is a basic class of market failure.
• C)Public goods,but not externalities,is a basic class of market failure.
• D)Neither public goods nor externalities are basic classes of market failure.

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Definitions:

Listening Selectively

The practice of focusing attention on specific information or sounds while ignoring others during communication.

Perceiving Selectively

The cognitive process where an individual pays attention only to information that aligns with their existing beliefs or interests, ignoring other data.

Effective Listening

The active process of receiving, understanding, and responding to spoken messages, demonstrating attention and interest in what the speaker is conveying.

Maturity

The state of being fully developed in body or mind, often associated with adult behavior or thinking.