Which Factor Is Likely to Enable Private Market Forces to Provide

question 31

Multiple Choice

Which factor is likely to enable private market forces to provide more of a public good than it might otherwise provide?

• A) large differences among individuals in their demand for the public good
• B) little to no difference among individuals in their demand for the public good
• C) the existence of free riders who enjoy benefits but refuse to pay.
• D) the fact that the benefits of the public good are available to everyone.

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Definitions:

Biopsychosocial Approach

A holistic perspective that considers biological, psychological, and social factors in understanding health and disease.

Positive Psychology

A branch of psychology focused on the study of positive human functioning and factors that contribute to a fulfilling life and well-being.

Good Life

The concept of the good life pertains to various philosophical, psychological, and ethical theories about what constitutes a fulfilling and satisfactory life, often tied to well-being and happiness.

Meaningful Life

A life perceived as having purpose, significance, and fulfillment, often connected to personal values and goals.