Define public 'goods' and public 'bads'.
Correct answer: A. Public goods are those in which unrestrained market competition is not effective (i.e. hospitals). Public bads are the result unrestrained market competition (i.e. pollution)
- A. Public goods are those in which unrestrained market competition is not effective (i.e. hospitals). Public bads are the result unrestrained market competition (i.e. pollution)
- B. Public goods are those goods that are free for the public. Public bads are those that are extremely expensive
- C. Public goods are positive intangible sentiments widespread in the public (i.e. happiness, pride, nationalism). Public bads are negative attributes that are widespread in the public (i.e. violence, crime)
- D. All of the above
Explanation
Public goods are benefits that markets may undersupply because people cannot easily be excluded from them, while public bads impose broadly shared costs such as pollution. Option a is the closest available description, although its example of hospitals is not a precise definition of a public good.
Last updated
Practise Theories of International Relations
205 free Theories of International Relations MCQs from International Relations, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask International Relations questions like this
International Relations is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
Related questions
A coalition of states that coordinate their actions to accomplish some goal is a(n):
A simple definition of power fails to explain:_____________?
According to critical theorists, what is 'emancipation'?
According to David Held what would a 'cosmopolitan model of democracy' entail?
According to Foucault:________________?