Question

when the government provides streetlights, it is addressing which of the following?
○ a public good
○ a monopoly
○ property rights
○ the need for central planning
○ income distribution
question 2
governments intervene in the economy to correct market failures.
○ true
○ false

Explanation:

For Question 1: Streetlights are non-excludable (no one can be prevented from using them) and non-rivalrous (one person's use does not reduce availability for others), which are the defining traits of a public good. The other options do not apply: monopolies involve single sellers, property rights relate to resource ownership, central planning is a full economic system, and income distribution focuses on wealth allocation.
For Question 2: A core role of government in economics is to intervene when markets fail to allocate resources efficiently, such as providing public goods, regulating monopolies, or addressing externalities.

Answer:

1. A public good
2. True