Multiple Choice
Public schools, parks, libraries, and roads are paid for largely through tax revenue because
A) society finds them so valuable that citizens are happy to pay for their full cost.
B) these goods create a free-rider problem.
C) if they were funded privately, too many of these goods would be produced.
D) All of the above are correct.
Correct Answer:

Verified
Correct Answer:
Verified
Q14: One economically efficient way to eliminate the
Q15: When good X is produced, some people
Q16: The Mansfield Public Library has a large
Q18: Figure 11-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 11-1
Q20: When a good is excludable,<br>A)one person's use
Q21: National defense is a classic example of
Q22: Private markets usually fail to provide lighthouses
Q23: Table 11-2<br>Consider a small town with only
Q78: The provision of a public good generates
Q89: Depending on congestion, national parks can be