Why Is National Defence a Classic Example of a Public

question 36

Multiple Choice

Why is national defence a classic example of a public good

• A)Private security services are very difficult to find.
• B)It is difficult to exclude people from receiving the benefits from national defence once it is provided.
• C)Everyone agrees that some level of national defence is important, but only the government knows the optimal amount.
• D)If individuals were required to purchase their own armoured tank, there wouldn't be enough tanks to go around.

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Definitions:

Deposited

Placing money into a financial account or institution for safekeeping or investment purposes.

Collection Float

The time period between when a check is deposited and when the funds are available in the payee’s account, reflecting the bank’s processing time.

Banking System

denotes the network of institutions that provide financial services, including deposits, loans, and currency exchanges.

Collection Float

The time difference between when a check is deposited into a bank account and when the funds are made available.