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

Question

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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.

Business

1 answer:

deff fn [24] · Answer 1 · 2022-07-14T21:50:25+03:00

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.