TITLE:  Are all the theorems true?
QUESTION [6 upvotes]: The title sounds a bit philosophical, but it is
about mathematics. Let me explain. 
Consider a first order theory $T$, which is an extension 
of Peano Arithmetic. Call this theory "good" if it is 
consistent and satisfies the following
Property: 
For any $\phi\in\Sigma^0_{n+1}$ such that 
$T\vdash \phi$ there exists  $\psi\in\Pi^0_{n}$ such that 
$T\vdash\psi$ and $PA\vdash\psi\to\phi$.
Question 1. Is $ZFC$ "good"?
Question 2. The same for $ZFC+something$ (from the lot of proposed new axioms). 
Motivation. 
If $ZFC$ is not "good" then there (EDIT) may be theorems which can be proved in $ZFC$
despite they are false (in the standard model of PA).
I believe that $ZFC$ is "good". However, I would like 
to know if there is a formal proof. (Admittedly, I don't have a slightest 
idea what a proof may be like). By the way, "goodness" implies consistency, 
hence a proper proof requires some new axioms (a large cardinal, perhaps). 
(EDIT). As Andreas Blass pointed out correctly, 
even if a theory is not "good" in the above sense,
it does not yet follow that some of the theorems are wrong 
(an obvious fact which I have missed somehow). Still, 
the question if ZFC is "good" may be of some interest, in my opinion.
Question 3. Is "goodness" equivalent to consistency?
(I doubt this).
EDIT: (Clarification). In this question, the theory $T$ is supposed to be "good"
and at least as strong as $ZFC$. (Thus, the answer to Question 1 
must be yes). The question is, whether $T\vdash Con(T)\to Good(T)$, 
where $Good(T)$ is a formalization of "goodness"; note that 
$Good(T)\in \Pi^0_{2}$.
P.S. Is there a standard term for "good"?

REPLY [11 votes]: $\def\zfc{\mathrm{ZFC}}\def\pa{\mathrm{PA}}$First, there is no consistent recursively axiomatizable theory extending Robinson’s arithmetic which has the property of having existential witnesses as described by Sridhar Ramesh. Let $\pi=\forall x\,\theta(x)$ be a true but $T$-unprovable $\Pi^0_1$ sentence with $\theta$ bounded, which exists by Gödel’s theorem. Then $\exists y\,(\theta(y)\to\forall x\,\theta(x))$ is a tautology, but there is no $n\in\omega$ such that $T\vdash\theta(n)\to\forall x\,\theta(x)$: since $\pi$ is true, $\theta(n)$ is provable in Robinson’s arithmetic, hence $T$ would prove $\pi$.
In fact, an iteration of the same idea shows that the only consistent theory with the property of having existential witnesses is the true arithmetic $\mathrm{Th}(\mathbb N)$.
The situation with goodness is more complicated: there are good theories, such as any consistent theory axiomatizable over $\pa$ by a set of $\Pi^0_1$ sentences. Nevertheless, neither $\zfc$ nor any its recursively axiomatized extension is good.
Let $T=\zfc$, or more generally, let $T$ be any recursively axiomatizable extension of $\pa$ which proves the local $\Sigma^0_1$-reflection principle for $\pa$. Let $\Box_\pa$ denote the provability predicate for $\pa$, and $T_{\Pi^0_1}$ the set of all $\Pi^0_1$ theorems of $T$. By a theorem of Lindström, there exists a $\Pi^0_1$ sentence $\pi$ such that $\pa+\pi$ is a $\Sigma^0_1$-conservative extension of $\pa+T_{\Pi^0_1}$. $T$ proves the reflection principle
$$\tag{$*$}\Box_\pa(\neg\pi)\to\neg\pi$$
which can be written as a $\Sigma^0_2$ sentence, hence assuming $T$ is good, $(*)$ is provable in $\pa+T_{\Pi^0_1}$, and a fortiori in $\pa+\pi$. But then $\pa+\pi$ proves its own consistency, hence by Gödel’s theorem, it is inconsistent. By $\Sigma^0_1$-conservativity, $\pa+T_{\Pi^0_1}$ is also inconsistent, hence $T$ is inconsistent, contradicting its goodness.
Reference:
Per Lindström, On partially conservative sentences and interpretability, Proc. AMS 91 (1984), no. 3, pp. 436–443.