Question

The government needs to provide public goods for what reason?

A. They are necessary for raising the standard of living.
B. The government can reduce taxes by profiting from public goods.
C. Private companies cannot profit by providing them.
D. Citizens demand government regulation to protect their freedom.
SUBMIT

Answer 1

The government plays a significant role in providing goods such as national defence, infrastructure, education, security, and fire and environmental protection almost everywhere. These goods are often referred to as “public goods”.

Step-by-step explanation:

Answer 2

Public Goods - The Economic Lowdown Podcast Series

Step-by-step explanation:

Is public transportation a public good? How about national defense? Knowing the characteristics of public goods will help you understand why private firms excel at producing private goods, but they have little incentive to produce public goods. Rather, if society wants public goods, government must produce them. This episode of The Economic Lowdown defines the characteristics of private and public goods and explains why these characteristics help determine who is best positioned to produce each.

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