Which of the Following Is a Public Good

question 216

Multiple Choice

Which of the following is a public good?

• A) Air traffic control.
• B) National defense.
• C) Clean air.
• D) All of these.

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Definitions:

National Debt

The total amount of money that a country's government has borrowed through issuing securities and not yet repaid, often as a result of spending more than it receives in taxes.

Budget Balancing

The process of adjusting government spending and revenue to ensure that the budget is not in deficit, aiming for a balanced budget.

Federal Budget

An itemized plan for the annual public expenditures of the United States, detailing government spending and revenue.

Paradox Of Thrift

The economic theory that personal savings can be detrimental to overall economic growth if too high, as they may reduce overall demand.