Which of the Following Is Characteristic of a Public Good

question 62

Multiple Choice

Which of the following is characteristic of a public good?

• A) A public good is produced by the government sector.
• B) It is relatively easy to prevent people from consuming the good.
• C) Consumption of a public good by one individual does not decrease the quantity of the good available for other individuals to consume.
• D) A public good is excludable.

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Definitions:

Real Income

Income of individuals or nations after adjusting for inflation, reflecting the actual purchasing power.

Anticipated

Expected or foreseen based on current trends or available information.

Borrowers

Individuals or entities that receive funds from a lender with the agreement to repay the borrowed amount plus interest.

Lenders

Individuals or institutions that provide funds to borrowers under the condition of being repaid with interest.