Goods and Services That Cannot Be Readily Provided by Markets

question 54

Multiple Choice

Goods and services that cannot be readily provided by markets are called __________.

• A)consumer goods
• B)public goods
• C)market goods
• D)social goods

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Definitions:

Premature

Occurring or done before the usual or proper time; too early.

Low-birthweight

A term used for babies born with a weight of less than 2,500 grams, often caused by premature birth or poor prenatal care.

Immigrant Paradox

The phenomenon where immigrants, despite facing socioeconomic disadvantages, often exhibit better physical and mental health outcomes than native-born populations.

SES

Socioeconomic status, a combined measure that typically includes a person's income, education level, and occupational status.