A Public Good Is

question 40

Multiple Choice

A public good is:

• A)rival in consumption and excludable.
• B)excludable, but not rival in consumption.
• C)rival in consumption, but not excludable.
• D)neither rival in consumption nor excludable.

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Definitions:

Maturity Value

The amount payable to the investor at the end of a debt instrument's holding period or term.

Compounded Monthly

interest earned or paid is calculated and added to the account balance every month.

Promissory Note

A written promise to pay a specified amount of money to a certain individual or entity at a specified time or on demand.

Compounded Annually

Interest on an investment or loan that is calculated once a year and added to the principal amount, allowing the investment to grow at an increasing rate.