Asked by
Darlyn Cervantes
on Nov 25, 2024Verified
If a public good provides social benefits that are greater than its costs, then the majority of voters would always vote in favor of producing the good.
Public Good
A service or product given to every member of a society for free, by either the government or a non-profit organization or individual.
Social Benefits
The advantages and improvements to society and communities resulting from actions, policies, or investments, including education, health, and public safety.
- Evaluate the effects of producing public goods considering social benefits versus costs.
Verified Answer
AM
Learning Objectives
- Evaluate the effects of producing public goods considering social benefits versus costs.