1494International RelationsMedium
Define public ‘goods’ and public ‘bads’.
APublic goods are those goods that are free for the public. Public bads are those that are extremely expensive
BAll of the above
CPublic goods are those in which unrestrained market competition is not effective (i.e. hospitals). Public bads are the result unrestrained market competition (i.e. pollution)
DPublic goods are positive intangible sentiments widespread in the public (i.e. happiness, pride, nationalism). Public bads are negative attributes that are widespread in the public (i.e. violence, crime)
Correct answer
C. Public goods are those in which unrestrained market competition is not effective (i.e. hospitals). Public bads are the result unrestrained market competition (i.e. pollution)
Explanation
The correct answer is Public goods are those in which unrestrained market competition is not effective (i.e. hospitals). Public bads are the result unrestrained market competition (i.e. pollution).