Which of the Following Goods Is Most Likely an Artificially

question 165

Multiple Choice

Which of the following goods is most likely an artificially scarce good?

• A) tickets to a boxing match
• B) pay-per-view of a boxing match
• C) health care
• D) the police department

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Definitions:

Common Knowledge

Information that is generally known by a significant number of people and isn’t attributed to one source.

Paraphrasing

Expressing the meaning of the words of the speaker or writer using different words, especially to achieve greater clarity.

Bribing

The act of giving or receiving something of value in exchange for some kind of influence or action in return, that is often unethical or illegal.

Invent Information

The practice of fabricating data or facts, typically to deceive or mislead.