It Is Commonly Argued That National Defense Is a Public

question 38

Multiple Choice

It is commonly argued that national defense is a public good. Nevertheless, the weapons used by the U.S. military are produced by private firms. We can conclude that

• A)resources would be used more efficiently if the government produced the weapons.
• B)resources would be used more efficiently if private firms provided national defense.
• C)weapons are rival in consumption and excludable, but national defense is not rival in consumption and not excludable.
• D)national defense is rival in consumption and excludable, but weapons are not rival in consumption and not excludable.

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Definitions:

Job C

A specific task, project, or assignment identified uniquely, usually within a job costing system.

Machine-Hours

A measure of production time where one machine-hour equals one machine working for one hour, used as an allocation base in costing.

Total Job Cost

The cumulative costs associated with a specific job or project, including materials, labor, and overhead.

Job M381

A specific job or project identifier, often used in job costing scenarios to track costs and monitor progress on a particular task or project.