The BEST Example of a Private Good Is

question 63

Multiple Choice

The BEST example of a private good is:

• A)an automobile.
• B)public education.
• C)national defense.
• D)law enforcement.

---

Definitions:

Fundamental Political Values

Refers to the core beliefs and principles that shape the political culture of a society, such as democracy, freedom, equality, and justice.

Liberty

A condition where individuals in a society experience freedom from oppressive limitations set by authorities on their lifestyle, actions, or political opinions.

Equality of Opportunity

The principle that all individuals should have the same chances to succeed in life, regardless of their backgrounds or starting positions.

Military Intervention

The act of a nation deploying its armed forces to another territory with the aim of achieving specific political objectives, which can range from humanitarian aid to direct military control.