Which of the following is true of public goods?
a. The market mechanism helps to signal the quantity that is demanded by the public.
b. Payment for consumption is efficiently provided by market prices.
c. Consumption by one person does not preclude consumption of the same good by another person.
d. The public sector is guided to produce the correct quantity by market prices.
e. Voluntary contributions will be sufficient to finance the production of public goods.
Question 2
The funds to pay for police protection are usually raised through taxation because
a. police protection would be hard to provide exclusively to those who voluntarily pay for it
b. people would not voluntarily pay salaries to officials who might arrest them
c. police protection is a basic necessity
d. goods financed through taxation can be guaranteed to all who pay for it
e. the government believes that those who receive the benefits from the service should pay for it
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