In Deciding Whether a Good Is a Public Good, One

question 410

Multiple Choice

In deciding whether a good is a public good, one must determine the

• A)incomes of those who benefit from the good.
• B)value of the external benefits that accrue to resource owners.
• C)excludability of the good.
• D)All of the above are correct.

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Definitions:

Legal Cause

A legally sufficient reason to file a lawsuit, based on recognized legal principles.

Duty To Render

The legal or ethical obligation to provide a certain level of care or service, especially in professional or emergency situations.

Peril To Herself

Refers to someone being in a situation or engaging in behavior that poses a significant risk of harm to their own well-being.

Proximate Cause

A principle in the law of negligence that determines whether the harm or injury suffered by the plaintiff was a foreseeable consequence of the defendant's action or inaction.