Which of the Following Is True of Public Goods

question 116

Multiple Choice

Which of the following is true of public goods?

• A)The market mechanism helps to signal the quantity that is demanded by the public.
• B)Payment for consumption is efficiently provided by market prices.
• C)Consumption by one person does not preclude consumption of the same good by another person.
• D)The public sector is guided to produce the correct quantity by market prices.
• E)Voluntary contributions will be sufficient to finance the production of public goods.

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Definitions:

Ectoderm

The outermost layer of cells in the embryo of a multicellular organism, from which the nervous system, skin, and various sensory organs develop.

Hydrostatic Skeleton

A type of skeleton found in some invertebrates in which contracting muscles push against a tube of fluid.

Asexual Reproduction

The process by which an organism creates a genetically identical copy of itself without the involvement of another organism.

Choanoflagellates

A group of free-living unicellular and colonial flagellate eukaryotes considered to be the closest living relatives of the animals.