A Good Is Considered to Be a Public Good If

question 182

Multiple Choice

A good is considered to be a public good if it

• A) is a good produced by the government sector.
• B) is both nonrival-in-consumption and nonexcludable.
• C) benefits only a small group of consumers but is very costly to produce.
• D) is a good whose production is financed by tax revenue.

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Definitions:

Rate Of Interest

The percentage at which interest is paid by a borrower for the use of money they borrow from a lender.

Monthly Payments

Regular amounts paid each month, often in the context of loans, mortgages, or other long-term financial commitments, to reduce a debt or pay for a service.

Terms Of The Loan

The specific conditions agreed upon by the lender and borrower, defining the loan amount, interest rate, repayment schedule, and other obligations.

Future Value

A future date's asset or cash value that matches a predetermined sum's worth in the present.