A merit goods is

a. a public good provided by government that people deem necessary and important
b. a good that the market does not produce in quantities and at prices that governmentbelieves is warranted
c. the highest quality of a public good that government produces
d. a public good produced in the most efficient way
e. a civilian public good as opposed to a national security good produced bygovernment

B

Economics

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In the U.S., the poverty rate is lowest among young families with a head of household under 25

a. True b. False

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