Which of the following statements is correct about the provision of public goods?

Check all that apply.

O The government always provides the exact types of public goods that everyone in the society wants.

O It is hard for the government to decide the appropriate amount of public goods to produce because people have differing preferences regarding such goods.

O Majority rule is the most efficient way to determine the amount of public goods a society should produce.

Question

Business

Tamara Thompson

20 March, 04:09

Which of the following statements is correct about the provision of public goods?

Check all that apply.

O The government always provides the exact types of public goods that everyone in the society wants.

O It is hard for the government to decide the appropriate amount of public goods to produce because people have differing preferences regarding such goods.

O Majority rule is the most efficient way to determine the amount of public goods a society should produce.

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Answers (1)

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Simpson · Answer 1

Answer:It is hard for the government to determine the appropriate amount of public goods to produce because people have differing preferences regarding such goods.

Explanation:

Public goods refers to essential goods or services that are freely made available to the populace by the government, private groups or individuals.

Due to the large numbers of people, high cost, differences in preference the government cannot meet all the needs for public goods.

Majority rules may not be the most efficient way to determine the provision of public goods, for people are more likely to strive for their personal interest even if it antagonize the general interest. The needs of the people should be measured in providing public goods.