Which of the Following Is a Merit Good

question 75

Multiple Choice

Which of the following is a merit good?

• A)Cigarettes.
• B)Food.
• C)Local telephone service.
• D)A computer operating system.

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Definitions:

Small Business Owner

An individual who owns and operates a company that is typically characterized by a small number of employees and relatively low volume of sales.

Business Plan

A formal written document that describes in detail how a business, usually a new one, is going to achieve its goals.

Business Plan

A written document that outlines the objectives, strategies, target market, and financial forecasts for a business venture.

Financial Plan

A comprehensive evaluation of an individual's or organization's current and future financial state by using known variables to predict future income, asset values, and withdrawal plans.