Public Goods Are Desired Because

question 119

Multiple Choice

Public goods are desired because

• A) people want and value them but the private sector will not make them available.
• B) we want the government to spend our tax dollars.
• C) they came in small units.
• D) they make supply equal to demand for private goods.

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Definitions:

Expectancies

Beliefs or predictions about the likelihood of future events affecting behavior and decision-making.

Schemas

Cognitive frameworks or concepts that help individuals organize and interpret information, based on their past experiences and knowledge.

Basic Stages

Describes fundamental phases or steps in a process or development in various disciplines.

Emotional

Pertains to feelings, moods, and their effects on personal and social functioning.