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

question 5

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 Parliament.
• D) It evaluates the costs and benefits of producing the good.

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Definitions:

Monomers

The basic building block units of polymers, which can bind chemically to other monomers to form complex structures.

Energy Source

A system or material that provides power for activity and functioning, such as fossil fuels, solar power, or food for biological organisms.

Biological Molecule

Compounds that are vital for the existence and function of living organisms, including proteins, carbohydrates, lipids, and nucleic acids.

Condensation

Chemical reaction in which a large molecule is assembled from smaller sub-units; water also forms.