A Example of a Public Good Is the Government's Attempt

question 90

Multiple Choice

A example of a public good is the government's attempt to reduce terrorism.Which term describes the type of service provided by the government in this example?  

• A) excludable 
• B) nonexcludable 
• C) rival 
• D) open access

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Definitions:

Efficient Scale

The level of production at which a firm operates with the lowest average total costs, achieving economies of scale without incurring diseconomies of scale.

Short-Run Cost Curves

Graphical representations that show the relationship between a firm's costs and output levels in the short term.

Long-Run Curve

The graphical representation in economics of the relationship between output and input when all inputs are variable, showing potential economies of scale.

Marginal-Cost Curve

A graph that displays the cost of producing one additional unit of a good or service.