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:

Severe Pain

An intense level of discomfort that significantly affects an individual's well-being and ability to function.

Keyboard Operators

Individuals who primarily use keyboards for data entry or computer operation tasks.

Hypnotic Pain Relief

A psychological technique that uses hypnosis to reduce or manage pain perception.

Selective Attention

The focusing of conscious awareness on a particular stimulus.