{"id":199812,"date":"2025-03-12T16:06:10","date_gmt":"2025-03-12T16:06:10","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=199812"},"modified":"2025-03-12T16:06:12","modified_gmt":"2025-03-12T16:06:12","slug":"even-economists-who-advocate-small-government-agree-that-national-defense-is-a-good-that-the-government-should-provide","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2025\/03\/12\/even-economists-who-advocate-small-government-agree-that-national-defense-is-a-good-that-the-government-should-provide\/","title":{"rendered":"Even economists who advocate small government agree that national defense is a good that the government should provide"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Even economists who advocate small government agree that national defense is a good that the government should provide.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-ast-global-color-6-color\"><strong>The correct answer and explanation is :<\/strong><\/mark><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Correct Answer:<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Public Good<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Explanation:<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">National defense is considered a <strong>public good<\/strong> in economic terms, which means it has two key characteristics:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Non-excludability<\/strong> \u2013 No individual or group can be effectively excluded from benefiting from national defense once it is provided. For example, if a country establishes a military to protect against foreign threats, all citizens within that country benefit, regardless of whether they contribute directly to its funding.<\/li>\n\n\n\n<li><strong>Non-rivalry<\/strong> \u2013 One person\u2019s consumption of national defense does not reduce the amount available to others. If a country\u2019s military prevents an attack, it does so for all citizens simultaneously without diminishing the protection for any single individual.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Even economists who support small government, such as free-market advocates, recognize that national defense is a necessary government function. This is because private markets are unlikely to provide an adequate level of national defense due to the <strong>free-rider problem<\/strong>\u2014people can benefit from it without paying, leading to underfunding if left to voluntary contributions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Governments solve this issue by collecting taxes to fund national defense, ensuring that it is provided at a scale necessary to maintain security. Unlike private goods (such as food or cars), which are efficiently allocated through markets, national defense requires centralized provision and funding because its benefits cannot be restricted to only those who pay for it.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Additionally, national defense serves as a <strong>collective action problem<\/strong>, where individual citizens or states within a country may lack the incentive to contribute to national security independently. A central authority (government) is necessary to coordinate and finance defense efforts to ensure the safety of the entire nation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Thus, even proponents of minimal government intervention agree that national defense is a fundamental public good that justifies government provision.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Even economists who advocate small government agree that national defense is a good that the government should provide. The correct answer and explanation is : Correct Answer: Public Good Explanation: National defense is considered a public good in economic terms, which means it has two key characteristics: Even economists who support small government, such as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-199812","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/199812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=199812"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/199812\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=199812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=199812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=199812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}