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 ______________________________.
Question 3
3.
Question 4
4.
Question 5
5.
Who produces public goods in the United States?
military enforcement
government organizations
entrepreneurs
consumers
One characteristic of a public good is that many people can enjoy/consume the good simultaneously. This is called
shared consumption
free-riding
private consumption
non-exclusion
Which of the following meets the characteristics of a pure public good?
Lighthouse
Taxi
Sandwich
Toll road
The government should produce the good or service as a public good if