In Deciding Whether Something Is a Public Good, Which of the Following

question 166

Multiple Choice

In deciding whether something is a public good, which of the following must one determine? (i) the number of beneficiaries
(ii) the value of external benefits which accrue to resource owners
(iii) the excludability of the beneficiaries

• A) (i) and (ii)
• B) (i) and (iii)
• C) (ii) and (iii)
• D) (i), (ii) and (iii)

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Definitions:

Genitals

Physical organs associated with reproduction and sexual functions in both males and females.

Shrinking

In a psychological context, it often refers to the process of psychotherapy where issues and problems are analyzed and reduced. In a physical context, it refers to the process of becoming smaller or compact.

China

A country located in East Asia, known for its vast landscape, populous cities, and rich history and culture.

Cognitive Psychologist

A professional specializing in the study of how people perceive, think, understand, and remember information.