A Good That May Be Enjoyed by Anyone, If Provided

question 75

Multiple Choice

A good that may be enjoyed by anyone, if provided, and that may not be denied to anyone once it has been provided is called a(n)

• A)public good.
• B)private good.
• C)universal good.
• D)externality.
• E)negative good.

---

Definitions:

Revenue Tariff

A tax imposed on imported goods primarily for generating government revenue rather than protecting domestic industries.

Generate Income

The process of creating revenue or earnings through various sources such as work, investments, or business activities.

Converted

Changed or transformed from one state, form, or function to another.