If a Good Is a Public Good

question 45

Multiple Choice

If a good is a public good,

• A)anyone can be excluded from enjoying its benefits.
• B)no one can be excluded from enjoying its benefits.
• C)consumers must pay a high price to enjoy its benefits.
• D)it is rival and excludable.
• E)economies of scale exist over the entire range of output for which there is a demand.

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Definitions:

Foreign Aid Methods

Various strategies or approaches for providing assistance to countries and communities in need, including grants, loans, and technical support.

Delivering Funds

The process of transferring money from one party to another, which can occur through various methods such as electronic transfer, check, or cash.

Poor Individuals

Persons who lack sufficient financial resources or income to meet their basic living needs according to societal standards.