What Are Public Goods

question 91

Multiple Choice

What are public goods?

• A) those that are consumed by the private group that funds them
• B) those that are consumed by the paying and nonpaying public alike
• C) those that are consumed only by those who have paid for them
• D) those that are consumed only by the government that provides them

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Definitions:

HR Surplus

A situation where the number of employees exceeds the labor requirements of the organization.

Human Capital

The skills, knowledge, and experiences possessed by an individual or population, viewed in terms of their value or cost to an organization or country.

Job Specifications

A detailed description of the skills, education, and experience required to perform a job.

Knowledge

The understanding, awareness, or familiarity gained through education or experience, which can be applied in decision-making or problem-solving.