A Public Good

question 240

Multiple Choice

A public good

• A) is a good that is usually consumed in public, such as a restaurant meal.
• B) is a good people can consume even if they do not pay for it.
• C) is a good produced by government.
• D) results in an efficient allocation of resources.
• E) is a good for which people are willing to pay a very high price.

---

Definitions:

Intemperance

Excessive or immoderate indulgence in something, commonly used in the context of substance use.

Callousness

The quality of being emotionally hardened and showing a lack of empathy.

Imaginative Nature

The inherent capacity to think creatively, envision new ideas, and possess a vivid imagination.

Social Climate

the general atmosphere, attitudes, feelings, and social dynamics within a specified environment, such as a workplace, community, or society at large.