Public goods and services Quiz

What type of economy does the US have?

• Command economy

• Mixed free-market economy

• Traditional economy

• Socialist economy

Who provides most goods and services in the US economy?

• The government

• Private businesses

• Non-profit organizations

• Foreign companies

What is the role of the government in the US economy?

• Complete control over all businesses

• No involvement at all

• Limited government involvement

• Full ownership of all resources

What is a characteristic of a mixed free-market economy?

• Total government control

• No private businesses

• Combination of private and government involvement

• Only traditional methods used

Which sector provides essential goods and services in the US?

• Private sector

• Government sector

• International sector

• Non-profit sector

What is provided by the private sector?

• Public goods

• Everything else not provided by the government

• Only essential services

• Only luxury goods

What happens if you cannot or will not pay for most products?

• You get it for free

• You don’t get it

• You get a discount

• You get a loan

What is the role of law enforcement in the context of government-provided services?

• To exclude non-payers

• To protect only paying citizens

• To protect all citizens

• To provide private security

What is the implication if the government does not provide goods that non-payers cannot be excluded from?

• Only the wealthy benefit

• Everyone benefits

• No one benefits

• Only non-payers benefit

What is a key reason for government provision of certain services?

• To increase taxes

• To ensure accessibility for all

• To reduce public spending

• To promote private businesses