Which of the Following Is True of Public Goods

question 116

Multiple Choice

Which of the following is true of public goods?

• A)The market mechanism helps to signal the quantity that is demanded by the public.
• B)Payment for consumption is efficiently provided by market prices.
• C)Consumption by one person does not preclude consumption of the same good by another person.
• D)The public sector is guided to produce the correct quantity by market prices.
• E)Voluntary contributions will be sufficient to finance the production of public goods.

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Definitions:

Concrete Criteria

Specific, clear, and measurable standards used to evaluate or assess something.

Structured Interview

A systematic interviewing method where all candidates are asked the same predetermined questions in the same order to ensure consistency in data collection.

Ethnic Backgrounds

The cultural, national, or racial groups that individuals identify with or belong to based on shared ancestry, traditions, language, or history.

Minnesota Multiphasic Personality Inventory

A widely used psychological test that assesses personality traits and psychopathology by evaluating responses to a series of statements.