A Public Good Is a Good or Service for Which

question 87

Multiple Choice

A public good is a good or service for which exclusion:

• A) is possible and for which marginal cost of an additional user is zero.
• B) is possible and for which marginal cost of an additional user is positive.
• C) cannot be applied and for which marginal cost of an additional user is zero.
• D) cannot be applied and for which marginal cost of an additional user is positive.

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Definitions:

Forged Indorsement

An unauthorized signature on a negotiable instrument, such as a check, with the intent to fraudulently obtain or transfer money.

Effective Indorsement

A signature on a negotiable instrument, such as a check or promissory note, that transfers the rights in that instrument to another party.

Holder

An individual or entity that legally possesses a negotiable instrument, such as a check or bond, and has the right to collect the value of the instrument.

Blank Indorsements

involves an endorsement on a financial instrument, like a check, that specifies no endorsee, making it payable to the bearer.