Question

To achieve the efficient level of national​ defense, A. the government can provide national defense because...

To achieve the efficient level of national​ defense,

A. the government can provide national defense because it is a common resource.

B. the government can provide national defense because it is a private good.

C. private firms can provide national defense because it is a private good.

D. the government could provide national defense because it is a public good.

E. None of the above answers is correct.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer is D. the government could provide national defense because it is a public good.

...

Public good is defined as a good which is non excludable and non rivalous. It means that no individual can be exclusively to use national defence neither use of it by one will prevent others from using it too.

Add a comment
Know the answer?
Add Answer to:
To achieve the efficient level of national​ defense, A. the government can provide national defense because...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Which of the following statements is (are) correct? Select one: A. National defense is provided by the government becaus...

    Which of the following statements is (are) correct? Select one: A. National defense is provided by the government because free-riders make it difficult for private markets to supply the socially optimal quantity. B. National defense is an example of a public good because it is nonrivalrous and it is difficult to exclude people from receiving the benefits from national defense once it is provided. C. National defense is a typical example of a public good because if individuals were required...

  • Perfectly competitive, unregulated markets with no externalities will provide the efficient level of a. public goods...

    Perfectly competitive, unregulated markets with no externalities will provide the efficient level of a. public goods b. private goods. c. common property resources. d. none of these goods is efficiently provided in perfectly competitive markets. e. all of these goods are efficiently provided in perfectly competitive markets. f. artificially scarce goods Public goods, such as free radio and national parks, are a. nonexcludable and nonrival. b. The same as private goods but supplied by the government. c. excludable and nonrival....

  • When it comes to public goods like national defense, the __________ is a serious problem. because...

    When it comes to public goods like national defense, the __________ is a serious problem. because people who do not pay cannot (easily) be excluded from the consumption of the good. A. Tax incidence B. Free-rider program C. Marginal propensity to consume D. Common resource problem

  • 26. what environmental problem arises from common property resources? a. negative externality. b. overexploitation. c. government...

    26. what environmental problem arises from common property resources? a. negative externality. b. overexploitation. c. government failure. d. high transaction cost. 27. Externalities are a. exports. b. illegal businesses. c. prisoners on work release d. costs or benefits not reflected in market prices. 29. The efficient quantity of a public good is that for which marginal social cost equals a. marginal private cost. b. marginal external cost. c. average social cost. d. marginal social benefit. 30. Which of the following...

  • Suppose the government is producing a public good. If the marginal benefit of the last unit...

    Suppose the government is producing a public good. If the marginal benefit of the last unit of a public good produced is greater than the marginal cost of that​ unit, to achieve the efficient amount of​ production, what should be​ done? A. The government should produce more units. B. The government should cease production. C. Private firms should take over the production and sale of the good. D. Nothing because the government is already producing the efficient quantity of the...

  • 12. A "mixed" public good is one which a) has the properties of both private and public goods. b) is provided by both t...

    12. A "mixed" public good is one which a) has the properties of both private and public goods. b) is provided by both the government and private firms. c) is valued differently by different people. d) None of the above. 13. It is inefficient to charge a price for a non-rival good because a) the marginal cost of the good is zero. b) the marginal cost of an additional consumer is zero. c) the marginal willingness to pay of an...

  • 1. Consider the issue of determining the optimal amount of investment in national defense in a...

    1. Consider the issue of determining the optimal amount of investment in national defense in a country composed of two regions. Assume that national defense is a pure public good; it is non-rival and non-excludable. Denote by q the amount of national defense. The total cost of producing q units of defense is C(q) = 107. In region 1, the total benefit of national defense is B1(q) = 109 - 22 In region 2, the total benefit of national defense...

  • The government could correct the difference between theequilibrium output level and the efficient output level...

    The government could correct the difference between the equilibrium output level and the efficient output level bytaxing users so that less is used.using a regulation that requires firms to externalize the internal costsshifting the demand curve down.using a regulation that requires firms to internalize the external costs

  • 1. Which of the following is an example of how government can encourage invention of new...

    1. Which of the following is an example of how government can encourage invention of new technologies? a.The government provides tax incentives for private research and development. b.The government issues patents for new technologies. c.The government provides funding for research and development to colleges and universities d.all of the above. e.none of the above. 2.Which of the following is the best example of a public good? a. national defense b.clothing since you cannot go naked in public c.cars used as...

  • Market failure questions Determining which public goods to provide requires governments to a. Issue licenses Salmon...

    Market failure questions Determining which public goods to provide requires governments to a. Issue licenses Salmon are potentially overfished because they are a common resource is rival in consumption a common resource that is underutilized. A public good. d. All of the above а. b. b. Minimize tax burdens с. c. Perform cost-benefit analyses d. Resolve all externalities. Voting rates are low in the U.S compared to other countries because a. It is not mandatory b. Marginal benefits are less...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT