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Goods and services provided by the government for free or at greatly reduced prices are called __________.
a. Macroeconomics
b. Free rider
c. Poverty threshold
d. Private sector
e. In-kind benefits

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Sonia Dhawan
Sonia DhawanLv10
15 Oct 2020

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Principles of Economics
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Related questions

Which of the following is not a difference between market and collective decision-making?
A. Government goods are costless to produce, while private goods have production costs.
B. Government goods are often provided free of charge, while market goods have a price.
C. The government can use expropriation to extract payments, but private firms cannot.
D. Money payments can signal intensity of desire for a product, but voting cannot.
Ā 
The government determines prices for goods and services in a ____________.
a. Command economy
b. Mixed economy
c. Free-market economy
d. None of these is correct
Which of these is a characteristic of a pure command economy?
a. The goods and services that a country produces are planned by consumers.
b. All businesses are owned by the state.
c. Prices are determined by market forces.
d. There is free and fair competition between private producers.

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