If a Pure Public Good Is Provided by Voluntary Contributions

question 12

True/False

If a pure public good is provided by voluntary contributions, economic theory predicts that in general too little will be supplied.

---

Definitions:

Divide

A mathematical operation where the total quantity is divided into equal parts, and the result shows how many of those parts make up the original amount.

Simplify

The process of altering an expression or equation to make it easier to work with, by combining like terms, reducing fractions, or employing identities.

Simplify

The process of making an expression or equation easier to understand or solve by combining like terms or eliminating complexity.

Operations

Basic mathematical procedures such as addition, subtraction, multiplication, and division.