Which of the following is a disadvantage of government provision of a public good such as national defense?

(i) the government does not know the exact willingness of consumers to pay for the public good.
(ii) the free-rider problem is more likely to occur when the government provides a public good than when the private sector provides a public good.
(iii) taxpayers do not agree on the optimal quantity of the public good that the government should provide.

a (i) only
b (i) and (ii) only
c (i) and (iii) only
d (i), (ii), and (iii)

Choose the best term for each definitionexpense, liability, monetary asset, statement of financial position, tangible asset, net worth, market value, investment asset, income, assetitems of monetary value a person or household ownsmoney spentmoney receivedfinancial assets purchased with the hope that they will generate income and appreciate in value to make it possible to sell at a higher price in the futurea debt or obligation owed to othersthe amount you could realistically sell an asset forassets that can be quickly and easily converted into casha measure of financial wealth and indicates the monetary value of all possessions that a person or household owns, minus the total amounts owed to othersa financial statement that describes an individual or family's financial condition on a specified date by showing assets, liabilities, and net worthpersonal property that was purchased to create a lifestyle or improve your life

Last week paul, ceo of quality furniture in south carolina, traveled to europe to visit customers. while overseas, paul checked his e-mail daily and showed his company's website to customers, explaining how the website will them place orders and receive merchandise more quickly. after visiting the last customer friday morning, paul was able to return to the corporate office in south carolina to meet with his board of directors that night. is the "shrinking" of time and space with air travel and electronic media.

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false