Which Is the Best Definition of a Public Good

question 37

Multiple Choice

Which is the best definition of a public good?

• A)A benefit that is paid for by the government out of tax dollars collected from the general public.
• B)A product created by public agencies for the use of all citizens of a country.
• C)A product that cannot be withheld from anyone and whose use does not prohibit anyone else from enjoying it.
• D)The supplies that governments provide for infrastructure projects.
• E)A good universally demanded by the public.

---

Definitions:

Advertising Expenditure

The amount of money spent on advertising campaigns to promote products or services.

Quarterly Income Statement

A financial report that summarizes the revenues, expenses, and earnings of a company over a three-month period.

Fiscal Year

A 12-month period that a company uses for accounting purposes and preparing financial statements, which may or may not align with the calendar year.

Master Budgets

A comprehensive financial planning document that consolidates all of a company's budgets, serving as a financial roadmap.