Uncongested Roads Are a Good Example of A

question 106

Multiple Choice

Uncongested roads are a good example of a:

• A)public good
• B)car prices that are too low
• C)common resource
• D)a toll road

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Definitions:

Forests

Large areas covered chiefly with trees and undergrowth, considered in economic terms as a resource for timber, recreation, and ecological benefits.

Elephants

Large mammals found in Africa and Asia known for their intelligence, long trunks, and large ears.

Private Property

The right of private persons and firms to obtain, own, control, employ, dispose of, and bequeath land, capital, and other property.

Interest Rates

The cost of borrowing money or the return on investment, usually expressed as a percentage.