A Commonality Between Externalities and Public Goods Is That

question 8

Multiple Choice

A commonality between externalities and public goods is that:

• A)in each case, markets are not likely to allocate resources efficiently, even though they might otherwise be competitive.
• B)in each case, government agency intervention would create inefficiency compared to the market solution.
• C)competitive markets are likely to be efficient in each case.
• D)the invisible hand (as discussed by Adam Smith)is likely to lead to efficiency in each case.

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Definitions:

12-Year-Old Female

A demographic term referring to a human female who is twelve years of age.

Closed Intermittent Irrigation

A medical procedure used to flush a catheter or wound with a solution intermittently while maintaining a closed system to prevent infection.

Indwelling Urinary Catheter

A catheter that is left inside the urinary bladder for continuous urine drainage, often used for patients who cannot control urine excretion.

Sterile Gloves

Gloves that have been treated to eliminate all microorganisms, used in medical procedures to maintain a sterile environment.