A Government-Sponsored Good Is One That

question 37

Multiple Choice

A government-sponsored good is one that

• A) is desirable to no one but ruled desirable by the court system nonetheless.
• B) everyone agrees is socially desirable.
• C) freely competitive markets have determined is socially desirable.
• D) the political process has determined is socially desirable.

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Definitions:

Web Browser

A software application used to access information on the World Wide Web, displaying HTML files and enabling navigation.

Installed Software

Computer programs that are downloaded and installed on a computer's hard drive, as opposed to being used in a web browser.

Cash Sales

Transactions where payment is made in cash at the time of purchase.

Financial Accounting Reports

Documents that summarize the financial performance and position of an organization, including income statements, balance sheets, and cash flow statements.