It Is Difficult for a Private Market to Provide the Economically

question 89

Multiple Choice

It is difficult for a private market to provide the economically efficient quantity of a public good because

• A)by law governments cannot use cost-benefit analysis to determine this quantity.
• B)public goods produce positive and negative externalities.
• C)individual preferences are not revealed in the market for the good.
• D)it is too expensive to produce the necessary amount of the good.

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Definitions:

Generalized Anxiety Disorder

A mental health condition characterized by chronic and exaggerated worry and tension, often with no obvious reason.

Generalized Anxiety

A mental health condition characterized by persistent and excessive worry about various aspects of life, not confined to any one specific issue.

Biological Characteristics

Biological characteristics are traits and features that define organisms, including genetic, physiological, and anatomical attributes.

Nonrelatives

Individuals who are not family members or related by blood.