Which of the Following Is NOT an Example of a Public

question 123

Multiple Choice

Which of the following is NOT an example of a public good?

• A)canal systems
• B)lighthouses
• C)airport security
• D)dams
• E)gross domestic roduct

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Definitions:

Expected Value

An average value determined by weighing all potential outcomes of a random variable according to their likelihood of happening.

Payoffs

The returns or benefits received from a particular course of action or decision, often evaluated in decision-making processes.

Invest

Allocating resources, usually money, with the expectation of generating an income or profit.

Scrap Value

The estimated residual value of an asset after it has reached the end of its useful life, often associated with the material worth of its components.