Which of the Following Is an Example of a Good

question 13

Multiple Choice

Which of the following is an example of a good whose consumption is rival?

• A)Public highways.
• B)Clean air.
• C)National defense.
• D)Internet access.
• E)Fishing in a lake.

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Definitions:

Goodwill

The intangible asset that arises when a business is acquired for more than the fair value of its net identifiable assets.

Long-Lived Assets

Tangible or intangible assets that provide economic benefits to a business over several years, including property, plant, and equipment.

Machinery And Equipment

Heavy tools and instruments used in various industries for manufacturing, processing, or handling of products.

Long-Lived Assets

Assets that provide economic benefit to a business for more than one fiscal year, such as buildings, machinery, and land.