An Example of a Public Good That the Government Has

question 13

Multiple Choice

An example of a public good that the government has made excludable is:

• A)city buses.
• B)sewer systems.
• C)police protection.
• D)All of these are excludable public goods.

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Definitions:

Budget Variance

The difference between budgeted amounts and actual amounts spent or earned, used to assess financial performance against projections.

Volume Variance

A difference between actual and budgeted sales or production volumes, impacting costs and profitability.

Variable Component

Part of a cost or expense that varies with changes in activity level, production volume, or sales.

Fixed Component

The portion of a cost that remains constant regardless of the level of activity or output.