In Deciding Whether a Good Is a Public Good, One

question 410

Multiple Choice

In deciding whether a good is a public good, one must determine the

• A)incomes of those who benefit from the good.
• B)value of the external benefits that accrue to resource owners.
• C)excludability of the good.
• D)All of the above are correct.

---

Definitions:

Accounting System

A system used by businesses for tracking their financial transactions, consisting of various processes, records, and reports.

Special Journals

Journals that record similar types of transactions, such as all credit sales.

Sales Returns

Goods returned by customers after purchase, reducing the total sales revenue.