F5: Public Goods and Services
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Last updated over 6 years ago
5 questions
1
Who produces public goods in the United States?
Who produces public goods in the United States?
1
Fill in the blank: In order for the market to effectively and efficiently produce a good or service, entrepreneurs must be able to make a ______________________________.
Fill in the blank: In order for the market to effectively and efficiently produce a good or service, entrepreneurs must be able to make a ______________________________.
1
One characteristic of a public good is that many people can enjoy/consume the good simultaneously. This is called
One characteristic of a public good is that many people can enjoy/consume the good simultaneously. This is called
1
Which of the following meets the characteristics of a pure public good?
Which of the following meets the characteristics of a pure public good?
1
The government should produce the good or service as a public good if
The government should produce the good or service as a public good if