While public goods can sometimes be funded voluntarily, most often they must be provisioned through alternative means. For example, the government approach to providing public goods is usually to:

1) Most government around the world uses tax revenue to pay for public good . The least item in the market place is been tax imposed to cater for such situation.

2) In making the market favourable for serious companies to provide services,the government enact laws which usually drives away fake and opportunity exploiters.This laws usually define the mood of payment which often are paid installmentally or from special intervention.

3) A government Allie with another government who feels they have enough to help.This mostly is Common with the third world countries, mostly in Africa.

osondumartins osondumartins · Answer 2 · 2020-02-25T06:36:12+01:00

Options:

A. Hold a lottery in which one of a number of firms is designated randomly as the only supplier of the public good

B. Provide the public good directly, paying for it out of tax revenues

C. Use taxes or regulations to limit production of the public good

D. Rely on the 'invisible hand' to solve the problem through voluntary trade

Answer:

B. Provide the public good directly, paying for it out of tax revenues

Explanation: Public goods are Projects and services provided by Government or other private organizations or Individuals with the aim of improving the life and the General wellbeing of the society.

Public goods are funded through various means which includes the voluntary provisions by private organizations and other Individuals. Government approach to providing public goods is usually to provide it directly and pay for it using taxes.