question archive Which of the following is a valid reason for government provision rather than the market provision of certain economic goods and services: a
Which of the following is a valid reason for government provision rather than the market provision of certain economic goods and services: a
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Which of the following is a valid reason for government provision rather than the market provision of certain economic goods and services:
a. When the government provides economic goods, they are free, costs are only incurred when such goods are provided by private firms,
b. Voters tend to be better informed than market consumers,
c. Decision-makers in the market are motivated by self-interest, whereas, political decision-makers are primarily motivated by the desire to help others,
d. Public goods tend to be undersupplied through the market since it is difficult for potential suppliers to withhold such goods from nonpaying consumers, while the government can use taxes to overcome this problem.
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Which of the following is a valid reason for government provision rather than the market provision of certain economic goods and services:
a. When the government provides economic goods, they are free, costs are only incurred when such goods are provided by private firms,
b. Voters tend to be better informed than market consumers,
c. Decision-makers in the market are motivated by self-interest, whereas, political decision-makers are primarily motivated by the desire to help others,
d. Public goods tend to be undersupplied through the market since it is difficult for potential suppliers to withhold such goods from nonpaying consumers, while the government can use taxes to overcome this problem. ??
Public goods are known to be both non-excludable, and non-rivalrous.
