Examlex
A local news station has dialed 1000 random phone numbers in the area and asked respondents whether or not they support an increase in the local sales tax. The results of the poll were aggregated and will be presented on the evening news later in the day. What is this an example of?
Public Good
A product that one individual can consume without reducing its availability to another individual and from which no one is excluded.
Lighthouse
A tall structure with a powerful light at the top, located near or on the shore, providing navigation guidance to maritime pilots at sea or on inland waterways.
Willingness To Pay
The maximum amount that a buyer will pay for a good.
Public Park
An area of natural, semi-natural or planted space set aside for human enjoyment and recreation or for the protection of wildlife or natural habitats.
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