A Public Good Is

question 162

Multiple Choice

A public good is

• A)any good provided by government.
• B)a good that can be most cheaply provided by government, though it may in fact be provided by private enterprise.
• C)a good whose benefits cannot readily be restricted to a small group of people.
• D)a good whose benefits cannot be enjoyed by an individual alone.

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Definitions:

Raw Materials

Basic materials from which products are made, typically extracted from the earth and used in the initial stages of production.

Different Industries

Various sectors of the economy engaged in diverse forms of productive activities, ranging from agriculture and manufacturing to services and technology.

Interact

The act of two or more entities acting on or influencing each other, commonly used in social, biological, and technological contexts.

Resources Exchange Web

A conceptual framework for understanding the complex interactions and exchanges of materials and energy between organisms within an ecosystem.