Education Is a Good Example of A

question 14

Multiple Choice

Education is a good example of a:

• A) pure public good.
• B) pure private good.
• C) good that creates external benefits.
• D) good that creates external costs.

---

Definitions:

Measurement Principle

In accounting, this principle refers to the basis under which business transactions and elements of the financial statements are quantified in monetary terms.

Subjective Opinion

An individual's personal and biased view, influenced by feelings, tastes, or opinions.

Going-concern Assumption

An accounting principle that assumes a company will continue to operate for the foreseeable future, not liquidate or reduce its operations significantly.

Operating

Pertaining to the ongoing, day-to-day activities necessary for an entity to function, including production, sales, and administrative tasks.