A Lighthouse Is Typically Considered to Be a Public Good

question 90

Multiple Choice

A lighthouse is typically considered to be a public good because

• A)the owner of the lighthouse is able to exclude beneficiaries from enjoying the lighthouse.
• B)there is rarely another lighthouse nearby to provide competition.
• C)a nearby port authority cannot avoid paying fees to the lighthouse owner.
• D)all passing ships are able to enjoy the benefits of the lighthouse without paying.

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Definitions:

pH

A numeric scale used to specify the acidity or basicity of an aqueous solution, with values ranging from 0 (acidic) to 14 (basic).

Buffers

Solutions or substances that minimize changes in pH when acids or bases are added to them, maintaining stability in biological and chemical systems.

Neutralization Reaction

A chemical reaction in which an acid and a base react to form water and a salt, achieving a balanced pH.

Salt

An ionic compound resulting from the neutralization reaction of an acid and a base, commonly exemplified by sodium chloride.