A difference between the market and the public sector is that
A) scarcity exists only in the market sector.
B) government can use force, while the market does not.
C) we can only vote in the public sector.
D) the cost of private goods to society is zero.

Question

Quizplus · Accepted Answer

One key difference between the market and public sector is that the government can utilize force, while the market operates on voluntary exchange. The government has the authority to use coercion or legally enforce decisions, such as taxation or regulations, while the market sector does not have the same authority. The other choices are incorrect: scarcity exists in both sectors, we can vote in both sectors (although in different ways), and private goods have a nonzero cost to society.

A Difference Between the Market and the Public Sector Is