Which of the Following Is a Defining Characteristic of a Public

question 79

Multiple Choice

Which of the following is a defining characteristic of a public good?

• A)It is produced and distributed by the government.
• B)The decision to produce it is made by the public through a voting process.
• C)It is produced and distributed by private firms according to government regulations.
• D)It is freely available to everyone once it is produced.
• E)It is purchased by one government agency from another government agency.

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Definitions:

Compounded Monthly

Describes the method of computing interest by adding the interest from past periods to the original principal amount and then doing the calculations monthly.

Rate of Return

The earnings or losses accrued from an investment over a predetermined period, measured as a fraction of the investment's buying price.

Interest Rate

The interest rate is the percentage charged on the total amount borrowed or invested, representing the cost of borrowing or the earning from an investment over a specified period.

Loan

A financial amount given as a loan, anticipated to be returned with interest.