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When Dealing with Pure Public Goods

Question 24
Multiple Choice

When dealing with pure public goods, A) the government must always provide them. B) private firms will always provide them. C) the government frequently provides them although private firms provide some. D) private firms provide nearly all of them and the government provides the few remaining ones.

Related questions
Q 25
Radio and broadcast television are examples of A) collective goods. B) private goods. C) pure public goods provided by the government. D) pure public goods provided by private firms.
Q 26
To properly justify the governmental provision of a public good,it must be the case that the __________ and that __________. A) good is indeed a public good;the majority of voters want it to be provided B) benefits exceed the costs;no lower cost provider exists C) voters desire the good;no new taxes will be needed D) benefits exceed the costs;a majority of voters value the good equally
Q 27
Lane and Riley are the only two residents in a neighborhood,and they share the same driveway.They would like to have the driveway paved.The value of the paved driveway is $1500 to Lane and $1000 to Riley.Irrespective of who pays for the paving both people will benefit from it. What is the most a contractor can charge for paving the driveway and still be hired by at least one of them? A) $1000 B) $1500 C) $2000 D) $2500
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