Asked by
Sophia Singh
on Dec 11, 2024Verified
Which of the following factors weakens the case for private-sector provision of goods and services relative to public-sector provision?
A) constitutional rules
B) the shortsightedness effect
C) the special-interest effect
D) public goods
Shortsightedness Effect
A situation where decision-makers prioritize immediate benefits over long-term gains, potentially leading to suboptimal outcomes.
Public Goods
Goods for which rivalry among consumers is absent and exclusion of nonpaying customers is difficult.
- Comprehend the elements that undermine the argument in favor of government rather than private-sector delivery of goods and services.
Verified Answer
DM
Learning Objectives
- Comprehend the elements that undermine the argument in favor of government rather than private-sector delivery of goods and services.
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