Your Instructor Decides to Give the Class One Very Hard

question 88

Multiple Choice

Your instructor decides to give the class one very hard exam question.The entire class may work together to answer the question because the instructor just wants the correct answer; she does not care how the class arrives at the answer or who contributes to answering the question.The final answer that is submitted will be graded, and all students will receive the same grade.In one sense, the exam grade is a __________ because all students will benefit and cannot be denied a grade, regardless of their individual contributions to answering the question.

• A)selective good
• B)private good
• C)public good
• D)retail good
• E)wholesale good

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Definitions:

Zero-Sum

A situation or game where the gain of one participant comes at the expense of another, resulting in a net change of zero.

Constant Growth Rate

A stable annual increase in the value of an investment, often applied in the context of dividend growth or economic expansion.

Last Dividend

The most recent dividend payment per share declared by a company to its shareholders.

Anticipated Constant Growth

The expectation that an investment or entity will grow at a steady, predictable rate over time.