The south African government develops targets that pertain to healthcare and education. Which of the following statements explains why government provides these two goods? A. The benefit to society of healthcare and education is extremely low. B. The benefits that society receives from health care and education exceed those that accrue to an individual user. C . The government spends money on health care and education because they are public goods D. Health care and education only produce negative externalities.
The south African government develops targets that pertain to healthcare and education. Which of the following statements explains why government provides these two goods? A. The benefit to society of healthcare and education is extremely low. B. The benefits that society receives from health care and education exceed those that accrue to an individual user. C . The government spends money on health care and education because they are public goods D. Health care and education only produce negative externalities.
Chapter17: Market Failure: Externalities, Public Goods, And Asymmetric Information
Section: Chapter Questions
Problem 12QP
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The south African government develops targets that pertain to healthcare and education. Which of the following statements explains why government provides these two goods?
A. The benefit to society of healthcare and education is extremely low.
B. The benefits that society receives from health care and education exceed those that accrue to an individual user.
C . The government spends money on health care and education because they are public goods
D. Health care and education only produce negative externalities.
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