Which of the Following Commodities Is a Demerit Good

question 21

Multiple Choice

Which of the following commodities is a demerit good?

• A)a lighthouse
• B)national defense
• C)alcohol
• D)public education

---

Definitions:

Process Reengineering

Process Reengineering involves the radical redesign of core business processes to achieve dramatic improvements in productivity, cycle times, and quality.

Strongly Accepted

A term or concept that is widely acknowledged and embraced by a majority within a certain context or community.

Merchandising Firms

Companies that purchase goods at wholesale prices and resell them at retail prices, making a profit on the spread.

Manufacturing Firms

Companies that produce finished goods from raw materials through the use of labor, machinery, and equipment.