Table: Example Goods a Watermelon a Lighthouse Smog Reduction Online

question 126

Multiple Choice

Table: Example Goods A Watermelon A Lighthouse Smog Reduction Online Video Games Cable Internet Service National Defense A Private Beach A Public Beach A Pencil Soup Kitchen Meals A Chair Toll Highways Public Roads Reference: Ref 18-2 (Table: Example Goods) Refer to the table. Which of the following contains only nonexcludable, nonrival goods from the table?

• A) national defense, a lighthouse, smog reduction
• B) a public beaches, soup kitchen meals, public roads
• C) online video games, a public beach, national defense, a lighthouse
• D) a public beach, a lighthouse, toll highways, public roads

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Definitions:

Business Trust

A legal arrangement in which trustees manage assets for the benefit of beneficiaries, often used in business for tax or estate planning.

Joint Stock Company

A business entity wherein the capital is divided into shares owned by its stockholders, who share the profits and liabilities.

Investment Group

A collective of individuals or entities that pool their resources to invest in various ventures or securities.

Joint Venture

A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task, project, or business activity.