By definition, a government-sponsored good
A) is a good that is deemed socially desirable.
B) is a good that should be available only to upper-income groups.
C) is always provided at a zero price.
D) does not affect society's general welfare.

Question

Quizplus · Accepted Answer

A government-sponsored good is a good that is deemed socially desirable and necessary for the well-being of the citizenry. It may not always be provided at a zero price, but its provision by the government is deemed necessary for the betterment of society. Examples include education, public transportation, healthcare, and environmental protection.

By Definition, a Government-Sponsored Good