In Economics,the Term "Public Good" Refers to a Product

question 113

Multiple Choice

In economics,the term "public good" refers to a product

• A)that only private producers will provide.
• B)which consumers cannot be excluded from using.
• C)that is produced by a publicly owned corporation.
• D)that is widely advertised.
• E)that has a very low marginal cost of production.

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Definitions:

Marketable Skills

Abilities or expertise that are in demand in the job market, enhancing one's employment prospects or career advancement.

Young Age

A term used to describe the early period of a person or animal's life, often characterized by rapid physical and psychological development.

Want Children

The desire or inclination of individuals or couples to have offspring.

Remarriages

The act of marrying again after a previous marriage has ended, either by divorce or the death of a spouse.