A Lighthouse Might Be Considered a Private Good If

question 69

Multiple Choice

A lighthouse might be considered a private good if:

• A)lighthouses were provided by private charities
• B)the government taxes ship owners to provide them the lighthouses they need
• C)the owner of the lighthouse refuses to be subsidised by the government
• D)the owner of the lighthouse can charge nearby port authorities a fee for the lighthouse service

---

Definitions:

Organizational Pressure

The internal or external forces that influence the behaviors, performance, and strategies of an organization.

Complacency Trap

The mistake of being carried along by the flow of events.

Flow Of Events

The sequence and progression of activities or occurrences, often outlined to understand or manage processes or operations.

Ecological Fallacy

The error in reasoning that occurs when assumptions are made about individuals based on aggregate data for a group.