For Certain Public Projects Such as Building a Dam on a River

question 86

Multiple Choice

For certain public projects such as building a dam on a river or a bridge to an island, what procedure is a government likely to use to determine what quantity of a public good should be supplied?

• A)It conducts public surveys to determine if consumers want the product.
• B)It hires economists to estimate the market demand for the product.
• C)It takes a vote in Congress.
• D)It evaluates the costs and benefits of producing the good.

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Definitions:

Feudal System

A social and economic system in medieval Europe where land was owned by lords who provided protection and land to vassals in exchange for military service and other duties.

Nobles

Members of a social class that is a step below royalty and generally has hereditary titles or honors.

Priesthood

The office or position of a priest in a religious context, entailing certain duties and responsibilities pertaining to worship and community guidance.

Cytokines

Small proteins important in cell signaling, playing a key role in the immune system’s responses to infection and inflammation.