The Fact That Lockheed Martin Employs Many People Who Either

question 61

Multiple Choice

The fact that Lockheed Martin employs many people who either have or currently serve as high-ranking government officials is an example of __________.

• A) a conflict of interest
• B) a cold war
• C) national security
• D) terrorism

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Definitions:

Public Good

This refers to goods or services made available to all societal members at no cost, delivered by the government or private sectors, with no intent of making a profit.

Marginal Cost

The growth in the cumulative expense incurred from creating one more unit of a product or service.

Nonrival

A characteristic of a good or service where its use by one person does not reduce its availability to others.

Consumption

The use of goods and services by households or individuals, constituting one of the primary components of economic activity.