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:

Qualifying Expenses

Expenses that are determined to be necessary and deductible under tax law for various benefits like education savings accounts or business expenses.

Child and Dependent

Terms used in tax law to refer to individuals for whom the taxpayer provides more than half of financial support, qualifying the taxpayer for certain deductions.

Care Expense Credit

A tax credit available for expenses incurred in caring for a qualifying individual to allow the taxpayer to work or look for work.

AGI

Adjusted Gross Income, which is gross income minus adjustments; a key measure used to determine tax liabilities and eligibility for credits.