One Notable Characteristic of a Public Good Is That

question 25

Multiple Choice

One notable characteristic of a public good is that

• A) its production incurs no economic costs.
• B) consumers can easily be denied its benefits.
• C) it is automatically produced by the free market price system.
• D) it can be consumed collectively.
• E) consumers may readily divide it into individual pieces and distribute it among themselves.

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Definitions:

Population Growth

An increase in the number of people that reside in a country, city, or other region over a period of time.

Mid-Seventeenth Century

A period in history referring to the years 1650 to 1660, marked by significant social, political, and cultural changes.

German Immigrants

People from Germany who have migrated to other countries, notably to the United States during the 19th century, seeking economic opportunities and political freedom.

Protestant Sects

Various religious groups within Protestantism, characterized by different doctrinal beliefs or practices but unified in their separation from the Catholic Church.