Whether or Not They Pay for Them, People Cannot Be

question 83

Multiple Choice

Whether or not they pay for them, people cannot be excluded from receiving the benefits of:

• A) private goods.
• B) public goods.
• C) common resources.
• D) either public goods or common resources.

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Definitions:

Future Value

The amount of money an investment is expected to grow to over a period of time when interest or dividends are reinvested.

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life in equal annual amounts.

Salvage Value

The estimated resale value of an asset at the end of its useful life.