Which of the Following Is Most Likely a Private Good

question 22

Multiple Choice

Which of the following is most likely a private good?

• A)Bicycles.
• B)National defense.
• C)Sidewalks.
• D)The administration of justice.

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Definitions:

Government Budget

A financial statement presenting the government's projected revenue and expenditure for a specific period.

National Saving

The total amount of savings generated within a country, which includes both private savings by households and businesses, and public savings from government budgets.

Mutual Funds

Investment programs funded by shareholders that trade in diversified holdings and are managed by professionals.

Investment Charges

Fees and expenses associated with investing in various types of investment vehicles, like mutual funds or stocks.