Which of the Following Is the Best Example of a Public

question 145

Multiple Choice

Which of the following is the best example of a public good?

• A) Cars.
• B) Education.
• C) Radios.
• D) Air traffic control.

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Definitions:

Significant Influence

The power to participate in the financial and operating policy decisions of an investee but not control those policies.

Inventories

The complete list of items such as property, goods in stock, or the contents of a building, often held for sale in the regular course of a business.

Profit After Tax

The net income remaining after all taxes have been deducted from total revenue.

Unrealised Profit

Profit that has been made on paper through an investment but has not yet been cashed in by selling the asset.