Which of the Following Goods Is the Best Example of a Public

question 107

Multiple Choice

Which of the following goods is the best example of a public good?

• A)Garbage-collection services that are provided by a municipal government.
• B)Music that is broadcast over the airwaves by a privately-owned FM radio station.
• C)Electricity that is provided to farmhouses by a rural electric cooperative.
• D)Cable TV services that are provided by a privately-owned firm that is regulated by the government of the city in which it operates.

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Definitions:

Range

The difference between the highest and lowest values in a dataset, providing a measure of data dispersion.

Variance

A statistical measure that quantifies the spread or dispersion of a set of data points around their mean value.

Percentile

A value in a data set below which a certain percentage of observations fall.

STDEV.P(data range)

A function in spreadsheet software that calculates the standard deviation of a dataset, considering the entire population.