Asked by
Adolfo Pascual-Nicolas
on Nov 17, 2024
Verified
Which of the following is a disadvantage of government provision of a public good?
A) The government lacks information about the value people place on the good.
B) The government does not provide enough of any public good.
C) The private sector can provide all public goods at a lower cost.
D) There are no disadvantages of government provision of a public good.
Government Provision
Public goods and services provided by the government for the benefit of its citizens.
- Gain insight into the notion of public goods, with a focus on the free-rider dilemma and the effects this has on the distribution of public resources.
- Identify the function of governmental bodies in offering subsidies for fundamental research and ensuring the provision of public goods in response to market inefficiencies.
Verified Answer
HM
Learning Objectives
- Gain insight into the notion of public goods, with a focus on the free-rider dilemma and the effects this has on the distribution of public resources.
- Identify the function of governmental bodies in offering subsidies for fundamental research and ensuring the provision of public goods in response to market inefficiencies.
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