Which of the Following Could Be a Merit Good

question 42

Multiple Choice

Which of the following could be a merit good?

• A) Education.
• B) National defence.
• C) Police service.
• D) Flood control schemes.

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Definitions:

Ordinary Annuity

Consistently equal monetary transfers at each term's end within a finite interval.

Compounded Quarterly

A method where interest is computed on the original amount as well as on the interest that has been added over prior periods, and this calculation occurs quarterly.

Quarterly Payment

A payment or installment made once every three months.

Future Value

The value of an investment at a specific date in the future, accounting for factors like interest rates and time.