Question

Why does the government oversee the provision of public goods?(1 point)

Responses

Public goods are goods and services that tend to result in negative externalities; therefore, the government must oversee that the provision of these goods and services is limited.
Public goods are goods and services that tend to result in negative externalities; therefore, the government must oversee that the provision of these goods and services is limited.

Public goods and services require resources in production that are scarce; therefore, the government must ensure that production is limited.
Public goods and services require resources in production that are scarce; therefore, the government must ensure that production is limited.

Public goods are goods and services that are non-excludable and rivalrous. The government must oversee the fair distribution of these goods; otherwise, they would be distributed on a first-come, first-serve basis.
Public goods are goods and services that are non-excludable and rivalrous. The government must oversee the fair distribution of these goods; otherwise, they would be distributed on a first-come, first-serve basis.

Public goods are goods and services that are non-excludable and non-rivalrous; therefore, it is not profitable or in the best interest of private businesses to provide these goods.

Answer 1

[AI-generated answer — Bot GPT 3.5]

Therefore, the government must oversee the provision of public goods to ensure that they are available to all members of society.