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Asked by Lilian Cohaus on Apr 30, 2024

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Free goods are usually efficiently allocated without government intervention.

Free Goods

Free goods are resources or services that are available in abundance and do not have an opportunity cost, meaning they can be consumed in unlimited quantities without depleting any resource.

Government Intervention

Actions taken by a government to affect the economy, which can include regulations, subsidies, taxes, and direct provision of goods or services.

  • Learn about the significance of government involvement in the distribution of public goods and the alleviation of externalities.
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Zybrea KnightMay 04, 2024
Final Answer :
False
Explanation :
Free goods, such as air or sunlight, are abundant and do not require allocation mechanisms. However, when discussing goods in an economic context, "free" often refers to goods without a price tag, which can lead to overconsumption or misuse, potentially necessitating government intervention to ensure efficient and sustainable use.

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