Which of the following is usually true about government-provided goods?
A)These goods have a zero opportunity cost.
B)These goods are not scarce.
C)People do not have to pay a fee to enjoy these goods.
D)The invisible hand is at work to ensure these goods are provided in the market

Question

Quizplus · Accepted Answer

Government-provided goods are usually provided free of charge to the public, meaning people do not have to pay a fee to enjoy these goods. However, this does not mean that these goods are not scarce or have a zero opportunity cost. Additionally, the invisible hand is not at work in the provision of government-provided goods, as the government is actively involved in the production and distribution of these goods.

Which of the Following Is Usually True About Government-Provided Goods