Why does the government oversee the provision of public goods?(1 point)

Question

Responses

Public goods and services require resources in production that are scarce; therefore, the government must ensure that production is limited.
Public goods and services require resources in production that are scarce; therefore, the government must ensure that production is limited.

Public goods are goods and services that are non-excludable and non-rivalrous; therefore, it is not profitable or in the best interest of private businesses to provide these goods.
Public goods are goods and services that are non-excludable and non-rivalrous; therefore, it is not profitable or in the best interest of private businesses to provide these goods.

Public goods are goods and services that are non-excludable and rivalrous. The government must oversee the fair distribution of these goods; otherwise, they would be distributed on a first-come, first-serve basis.
Public goods are goods and services that are non-excludable and rivalrous. The government must oversee the fair distribution of these goods; otherwise, they would be distributed on a first-come, first-serve basis.

Public goods are goods and services that tend to result in negative externalities; therefore, the government must oversee that the provision of these goods and services is limited.
Public goods are goods and services that tend to result in negative externalities; therefore, the government must oversee that the provision of these goods and services is limited.

Answer 1

The correct response is:

Public goods are goods and services that are non-excludable and non-rivalrous; therefore, it is not profitable or in the best interest of private businesses to provide these goods.

This statement accurately describes why the government often needs to intervene in the provision of public goods. Since these goods cannot be restricted to specific users and one person's use does not reduce availability for others, businesses are unlikely to provide them, as they cannot easily charge consumers and generate profit. Thus, government involvement ensures these essential services are available to all.