The Provision of an Education in Public School Is

question 95

Multiple Choice

The provision of an education in public school is:

• A) exclusive and rival.
• B) exclusive and non-rival.
• C) nonexclusive and non-rival.
• D) nonexclusive and rival.
• E) a public good, regardless of exclusivity and rivalness.

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Definitions:

Net Profits

The actual profit after working expenses not included in the calculation of gross profit have been paid.

Goods And Services

Refers to the tangible products (goods) and intangible items (services) produced and offered in an economy.

Average Tax Rate

The total tax paid divided by the total income, often expressed as a percentage.

Total Income

The sum of all earnings or revenue generated by an individual or organization, including wages, profits, rents, and investment income.