Which of the Following Public Goods Would Be the Easiest

question 11

Multiple Choice

Which of the following public goods would be the easiest for the government to make excludable?

• A)City buses
• B)Sewer systems
• C)Police protection
• D)National Defense

Learn the conditions under which contracts entered by mentally incompetent persons are considered void or voidable.

Recognize the significance and limitations of disaffirmation in contract law.

Understand the legal enforceability of contractual clauses that limit liability and the concept of unconscionability.

Understand the role and goals of Global Sustainable Tourism Council (GSTC) in promoting sustainable practices worldwide.

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Definitions:

Marginal Subcontracting Cost

The additional cost incurred for each additional unit of production that is subcontracted rather than produced in-house.

Layoff Cost

The expenses associated with reducing an organization's workforce, encompassing severance pay, benefits continuation, and potential legal costs.

Hiring And Training Cost

Expenses associated with recruiting new employees and providing them with the necessary skills and knowledge for their role.

Labor Hours

The total number of hours worked by employees, used as a measure of labor input in the production of goods and services.