An Example of a Public Good That Is Difficult to Make

question 23

Multiple Choice

An example of a public good that is difficult to make excludable is:

• A) sewer systems.
• B) fire protection.
• C) national defense.
• D) All of these are nonexcludable public goods.

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Definitions:

Complement Rate

In insurance, it refers to the percentage of coverage that an insurance company does not cover under a coinsurance clause; effectively, it is the portion of the cost that the policyholder must pay after insurance.

Discount Date

The deadline by which a payment must be made to avail of a cash discount for early payment.

Due Date

The specific day by which a payment, project, or assignment is required to be completed or submitted.

Complement Rate

In the context of interest rates, this refers to the difference between 100% and the stated rate, used in various financial calculations.