Which of the Following Is an Example of a Product

question 267

Multiple Choice

Which of the following is an example of a product that is made available through public provision?
i.local police protection
ii.public schools
iii.local fire department

• A) i only
• B) i and ii
• C) iii only
• D) i and iii
• E) i, ii, and iii

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Definitions:

Exported

Items or services exported from one country to another for commercial purposes.

Demand

The desire to purchase goods and services backed by the ability and willingness to pay a price.

Euros

The official currency of the eurozone, which is used by 19 of the 27 European Union countries.

Downsloping

Describes a line or curve on a graph that proceeds from upper left to lower right, often used in economics to represent the decrease in demand as prices increase.