A Lighthouse Is a Public Good

question 86

Multiple Choice

A lighthouse is a public good:

• A) because it doesn't cost any more to light the way for 105 ships than it does to light the way for 104 ships, but for no other reason.
• B) because there is no way to prevent those who haven't contributed to the lighthouse from seeing better because of it, but for no other reason.
• C) because the government produces it, and for no other reason.
• D) for the reasons in A and B together.
• E) for the reasons in A, B, and C together.

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Definitions:

Motivated

The state of being driven and encouraged to act or engage in certain activities based on either intrinsic or extrinsic factors.

Social Needs

Fundamental requirements that encourage individuals to form connections and interact with others.

Employee Performance

The record of outcomes achieved and tasks completed by an employee in their job role.

Organizational Factors

Elements within a workplace, such as culture, structure, and policies, that influence employee behavior and business outcomes.