Which of the Following Is Not a Characteristic of a Public

question 209

Multiple Choice

Which of the following is not a characteristic of a public good?

• A) It is scarce.
• B) It is not diminished in amount as additional people consume the product.
• C) Its benefits cannot be withheld from anyone.
• D) It is free.
• E) It yields widespread benefits.

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Definitions:

Income

Funds accumulated over time from work or investing efforts, usually received systematically.

Utility Function

A representation in economics of how a consumer ranks different bundles of goods according to their level of satisfaction or happiness.

Tape Recorders

Devices used for recording audio onto magnetic tape and playing audio from tape.

Tapes

This term may refer to magnetic data storage tapes for information or sound recording but lacks specificity for a clear economic context. NO.