Which of the Following Would Most Likely Be a Private

question 48

Multiple Choice

Which of the following would most likely be a private good?

• A) a Mariah Carey CD
• B) Sirius Satellite Radio is accessed through a subscription.
• C) Michigan Radio is the state's most listened-to public radio service.
• D) iTunes sells songs through their website.

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Definitions:

Tourism Industry

A sector of the economy dealing with services related to organizing and providing travel and accommodations for tourists.

Skilled Professionals

Individuals who have obtained specialized knowledge and expertise through training and education, enabling them to perform certain high-skill jobs.

Strike

A work stoppage caused by the mass refusal of employees to work, often used as a form of protest against certain policies or practices of their employer.

Labor Costs

The total expenses incurred by businesses for wages, benefits, and payroll taxes for their employees.