When the criterion used by elected representatives of government who make choices about the production and allocation of public goods is whether the choices promote their own self-interest (staying elected), this is an example of a

a. free-rider problem
b. positive externality
c. public choice issue
d. government subsidy
e. market failure

C

Economics

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In a free-market system, the amount of output that any one household gets depends on its

A. income. B. wealth. C. income and wealth. D. wage and interest income.

Economics

Refer to the information provided in Figure 13.3 below to answer the question(s) that follow.  Figure 13.3Refer to Figure 13.3. This firm's marginal revenue will be positive at

A. all prices. B. prices above $10. C. prices between $4 and $8. D. all prices below $20.

Economics