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Which of the Following Is Not a True Statement

question 54

Multiple Choice

Which of the following is not a true statement?


Definitions:

National Defense

The protection and defense of a country against foreign threats and aggression, typically through military means.

Marginal Cost

The cost of producing one additional unit of a good.

Public Good

Goods that are non-excludable and non-rivalrous, meaning they can be used by multiple people simultaneously without diminishing availability to others.

Artificially Scarce Good

Goods that are made scarce by artificial means rather than by natural scarcity or inherent limited supply.

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