Which of the following explains what would likely happen if public goods were marketed like private goods?
A. Many consumers would want to buy the goods.
B. Government failure would result.
C. Public goods would be overproduced.
D. Public goods would be underproduced.
Answer: D
You might also like to view...
Capital deepening will occur as long as total saving is greater than depreciation
Indicate whether the statement is true or false
The best argument against monetarists' arguments that steady money growth would prevent fluctuations in inflation and unemployment is that:
a. the government has best control over fiscal policy and should focus on that. b. large fluctuations in the money supply cannot occur because the supply of money is limited. c. steady money growth does not necessarily mean steady aggregate demand if velocity is not stable. d. steady growth in the money supply percents fluctuations in output only if aggregate prices are constant.