When It Comes to ________ Goods, It Is Important to Remember

question 29

Multiple Choice

When it comes to ________ goods, it is important to remember only one level of output can be realized and consumers are ________ for that level.

• A) public; only willing to pay the same amount
• B) public; willing to pay different amounts
• C) private; only willing to pay the same amount
• D) private; willing to pay different amounts

---

Definitions:

Investment

Allocation of resources, usually money, in the expectation of generating an income or profit.

Available-for-sale Debt Portfolio

A categorization of debt investments not classified as held-to-maturity or trading securities, which can be sold prior to maturity.

Unrealized Loss

A financial situation where an investment holds a lower market value than its purchasing price, yet the investor has not actually sold it to incur a realized loss.

Amortized Cost

The initial investment cost adjusted for amortization or depreciation over the period of the investment.