Multiple Choice
Generally, people are more satisfied with private market outcomes than with public voting outcomes because
A) each consumer in the private market can choose the quantity he or she desires
B) most people are near the median
C) the prices are lower
D) markets are involuntary
E) there are too many choices to make in the public sector
Correct Answer:
Verified
Correct Answer:
Verified
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Q102: When the government increases taxes to provide
Q103: A good that is rival but nonexclusive
Q104: An example of traditional public-goods legislation is<br>A)price
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Q110: Exhibit 16-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 16-2