What Type of Good Is Often Provided by the Government

question 13

Multiple Choice

What type of good is often provided by the government because it is hard to get people to voluntarily contribute their fair share of the expense?

• A) private goods
• B) club goods
• C) common-resource goods
• D) public goods
• E) government goods

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Definitions:

Resource Acquisition

The process of identifying, obtaining, and allocating the necessary resources, such as human, financial, or material, to achieve organizational goals.

Inventories

Quantities of goods or materials that a business holds for the purpose of sale or production.

Facilities

Physical resources such as buildings or equipment provided for a particular purpose.

Product Quality

The extent to which a product meets or exceeds customer expectations in terms of durability, reliability, functionality, and other attributes.