A government-sponsored good is one that
A) is desirable to no one but ruled desirable by the court system nonetheless.
B) everyone agrees is socially desirable.
C) freely competitive markets have determined is socially desirable.
D) the political process has determined is socially desirable.
D
You might also like to view...
Carefully define the two categories of saving in the economy
What will be an ideal response?
When the value of money is on the vertical axis, the money supply curve slopes upward because an increase in the value of money induces banks to create more money
a. True b. False Indicate whether the statement is true or false
When does the marginal rate of substitution (MRS) in an indifference curve equal the ratio of marginal utilities in marginal-utility analysis? Explain
Please provide the best answer for the statement.
The ratio of exports to GDP for the United States in 2014 is approximately equal to
A) 6%. B) 13%. C) 21%. D) 31%.