Question

Government in a market system can increase economic efficiency by collecting taxes in order to subsidize the production of Group of answer choices complementary goods. goods with negative externalities public and quasi-public goods. private sector goods.

Answer 1

Answer:

Government in a market system can increase economic efficiency by collecting taxes in order to subsidize the production of

public and quasi-public goods.

Explanation:

Public and quasi-public goods can only be provided efficiently by the government or quasi-government organizations for the benefit of every member of the society, without exhibiting the characteristics of a private good. Public and quasi-public goods are known to be non-excludable and non-rivalrous, with partial diminishability and rejectability.