Which of the Following Is a Private Good

question 3

Multiple Choice

Which of the following is a private good?

• A) Sitting in a park
• B) Driving to work or school on a highway
• C) Drinking tap water
• D) Eating a sandwich
• E) National defense

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Definitions:

Investment Costs

Investment costs include all the expenses associated with acquiring an asset, including purchase price, broker fees, setup costs, and any other costs necessary to bring the asset to a usable state.

Property Taxes

Taxes assessed on real estate by local government, based on the property's value.

Executor's Accounting

The financial reporting and record-keeping process conducted by an executor of an estate to track assets, liabilities, and distributions to beneficiaries.

Obligations

Responsibilities or duties bound by legal or contractual agreements.