Which of the Following Is the Best Example of a Pure

question 111

Multiple Choice

Which of the following is the best example of a pure public good?

• A)Cable television
• B)A national park
• C)National defense
• D)Education

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Definitions:

Private Investment

Expenditure on capital by private sector firms or individuals, not including governmental spending.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, typically measured by the rise in GDP.

Government Borrowing

The process by which a government obtains funds from the private sector or other countries, typically through issuing securities.

Interest Rate

The percentage of a sum of money charged for its use, typically expressed as an annual percentage.