Scenario 11-2 Consider the Following Goods

question 41

Essay

Scenario 11-2
Consider the following goods:
• fire-protection services provided by a fire department
• a beautiful mural on the outside wall of a fire station
• a firefighter's helmet
-Refer to Scenario 11-2. Which of these goods is the best example of a private good? Briefly explain.

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Definitions:

French Revolution

A period of radical social and political upheaval in France from 1789 to 1799 that significantly affected the course of French and world history.

Alien and Sedition Acts

A series of laws passed in 1798 by the Federalist Congress and signed by President Adams, which made it harder for immigrants to become citizens and allowed for the imprisonment and deportation of those deemed dangerous or from enemy nations, and criminalized making false statements that were critical of the federal government.

Thomas Jefferson

An American Founding Father, the principal author of the Declaration of Independence (1776), and the third President of the United States (1801–1809).

Salem Witch Trials

A crisis of trials and executions in Salem, Massachusetts, in 1692 that resulted from anxiety over witchcraft.