A Good That May Be Enjoyed by Anyone, If Provided

question 61

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)externality.
• D)universal good.

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Definitions:

U.S. Constitution

The supreme law of the United States establishing the framework of the national government and the fundamental rights of citizens.

U.S. Supreme Court

The highest court in the United States, serving as the ultimate arbiter of disputes and interpreter of federal law and the Constitution.

Lower Courts

Courts that have jurisdiction at the first level in the legal system, often responsible for hearing initial cases and trials.

Precedent

A legal decision or form of proceeding serving as an authoritative rule or pattern in future similar or analogous cases.