National Defense Is a Classic Example of a Public Good

question 21

Multiple Choice

National defense is a classic example of a public good because

• A)there is no market for private security services.
• B)it is difficult to exclude people from receiving the benefits from national defense once it is provided.
• C)everyone agrees that some level of national defense is important, but only the government knows the optimal amount.
• D)there are no private firms willing to supply defense goods such as tanks and weapons.

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Definitions:

Impulse Buying

A spontaneous, unplanned decision to buy a product or service, made just before a purchase.

Compulsive Consumption

An uncontrollable drive to purchase goods or services in excess, often leading to personal distress or financial harm.

Illegal Business Practice

Actions undertaken by businesses that are against the law, often to gain unfair competitive advantages.

Unethical

Actions or behavior that are considered wrong or immoral according to societal or professional standards.