Answer :
It is a good that the government sponsors that the political system has determined to be socially acceptable.
What sort of thing is government-sponsored?
In the field of economics, a good or service that is made available to all members of society is referred to as a public good. Usually, governments are in charge of providing these services, and taxes are used to pay for them all.
The rule of law, national defense, and law enforcement are a few examples of public goods. Most economists concur that the government should legitimately offer and fund pure public goods through taxation.
The good or service must continue to be non-excludable and non-rivalrous in order to be considered a public benefit. Security, education, knowledge, infrastructure, the environment, and health are examples of public goods.
Public infrastructure products examples
- Roads.
- Bridges.
- lighting fixtures for streets.
- Sidewalks.
- Crosswalks.
The complete question is:
Is a publicly funded Internet search engine a public good or a government sponsored good?
A. It is a public good, deemed socially desirable through the political process.
B. It is a public good, unlikely to be provided in the private market.
C. It is a government sponsored good, deemed socially desirable through the political process.
D. It is a government sponsored good, deemed politically desirable through the political process.
To learn more about government-sponsored good, refer to:
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