Which of the Following Statements Is TRUE

question 46

Multiple Choice

Which of the following statements is TRUE?
I. Excludability leads to efficiency.
II. The benefits of public goods provide an argument for government provision of these goods.
III. Taxation turns some people into free riders.

• A) I and II only
• B) II only
• C) II and III only
• D) I, II, and III

---

Definitions:

Hip Replacement

A surgical procedure in which a damaged hip joint is replaced with an artificial implant to reduce pain and improve mobility.

Hysterectomy

A surgical procedure for removing the uterus, and sometimes also the ovaries and fallopian tubes, used to treat various gynecological conditions.

Abdominal Aorta Aneurism

An abnormal enlargement of the lower part of the aorta, the major blood vessel supplying blood to the body, which can rupture and cause life-threatening bleeding.

Warfarin (Coumadin)

A medication used as an anticoagulant (blood thinner) to prevent the formation of harmful blood clots.