One Reason That National Defence Is a Classic Example of a Public

question 57

Multiple Choice

One reason that national defence is a classic example of a public good is that

• A)all citizens want national defence.
• B)society deems it to be too important to be provided by the private sector.
• C)the benefits of national defence cannot be kept from those who do not pay.
• D)military technology is too expensive for private firms to provide.
• E)it would be immoral for private firms to provide this essential commodity.

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Definitions:

Interest Revenue

Income that is earned from investments, savings, bonds, or other interest-bearing accounts over a particular period.

Interest Paid

The amount of money paid over time for the use of borrowed funds.

Dividends Received

Payments received by an investor or a company from owning shares in another company.

Corporation Owns

Assets or property held by a corporation, which can include cash, inventory, equipment, and real estate.