Which Is a Characteristic of a Public Good

question 74

Multiple Choice

Which is a characteristic of a public good?

• A)the possibility of excluding payers from non-payers
• B)non-rivalry and non-excludability
• C)it is possible to withhold it from those who would not pay for it
• D)it is provided by the private sector

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Definitions:

Accounts Payable

The amounts owed by a business to its suppliers or creditors for goods and services received but not yet paid for.

Promissory Note Receivable

This is a financial asset representing a written promise by one party to pay a specified sum of money to another party under agreed terms.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan remaining.

Basic Formula

Typically refers to the accounting equation: Assets = Liabilities + Equity.