A Public Good Is One That Is Supplied to

question 126

Multiple Choice

A public good is one that is supplied to

• A)only people who pay for it
• B)only people who do not pay for it
• C)all people, regardless of whether they pay or not
• D)the government from private firms
• E)foreign governments from our federal government

---

Definitions:

Contractual Liability

The legal obligations that parties have under a contract, including the consequences of breach.

Principal

The main party to a transaction, acting on their own behalf, such as the owner of a business or the person for whom an agent acts.

Third Party

A third party is an individual or entity who is not directly involved in a legal agreement or dispute but may be affected by it or have rights or obligations related to it.

Improper Person

An individual deemed unsuitable or unqualified under certain criteria or regulations.