Which of the Following Is a Property of a Public

question 32

Multiple Choice

Which of the following is a property of a public good?

• A) People who do not pay do not get access to a public good.
• B) Only selected people can consume benefits.
• C) Public good is provided by the market.
• D) Users collectively consume benefits.

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Definitions:

Unrealized Gains

Profits from investments that have increased in value but have not yet been sold for cash.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been deducted from total revenues.

Gain Contingencies

Potential increases in assets or decreases in liabilities that may occur as a result of a future event, and which are acknowledged in financial statements if they are probable and can be reasonably estimated.

Footnote Disclosures

Explanatory notes added to the financial statements to provide more detailed information about certain figures.