Frequently,a Public Good Can Be Adequately Provided by Private Action

question 24

Multiple Choice

Frequently,a public good can be adequately provided by private action when its benefits are

• A) concentrated among a small number of people.
• B) equally valued by everyone.
• C) widespread.
• D) greater than its costs.

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Definitions:

Debit Balance

A situation where the debit side of an account exceeds the credit side, commonly observed in asset accounts and expense accounts.

Credited

A term used in accounting to signify an entry that increases liabilities or income, or decreases assets or expenses on the financial statements.

Investing

Investing is the act of allocating resources, usually money, with the expectation of generating an income or profit.

Frame Shop

A business specializing in creating and selling frames, primarily for artwork and photographs.