Question

2 Points

Answer 1

Answer:

The answer is letter C, Public goods are necessary to achieve equity and growth.

Explanation:

What are public goods?

Public goods are the products or services that the government provide to the people, such that no one is deprived. Examples of these are public parks, public roads, national defense, street lights, flood control systems, etc.

They are meant to achieve "equity" and "growth" in the society. Equity means "fairness" to all people. The public goods are provided for free, such that everyone can take advantage of it whether they are rich or poor (non-excludable). Once people consume it, the supply doesn't get smaller so they don't need to worry nor to compete for it (non-rivalrous).

With this information at hand, we can say that the public goods are necessary for growth. This allows access to everyone, does people are able to use them in order to grow. For example, a society uses the flood control systems in order to help them survive calamities.

Thus, this explains the answer.

Answer 2

Answer:

B was the right answer

Explanation:

the free market is incapable of providing these essential  goods