An Example of a Public Good Is

question 110

Multiple Choice

An example of a public good is:

• A) a state university.
• B) food.
• C) fire protection.
• D) the Ramada Inn.

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Definitions:

Period of Time

A specific duration or interval at which certain events or observations are measured or occur.

Supply Curves

Graphical representations showing the relationship between the price of a good and the quantity of that good that producers are willing to supply.

Price

The financial contribution expected, compelled, or made in payment for something.

Tariff

A tax imposed by a government on goods and services imported from other countries, used to control trade volumes.