Which of the Following Is an Example of a Quasi-Public

question 53

Multiple Choice

Which of the following is an example of a quasi-public good?

• A) Cable television
• B) Organic apples
• C) Stock of knowledge in the public domain
• D) Crime prevention

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Definitions:

Fiscal Policy

Government adjustments to its spending levels and tax rates to influence a nation's economy.

Lag

Lag refers to a delay that occurs between the cause and effect of an economic policy or other measured variable in the analysis of data.

Income Effect

The change in an individual's or economy's income and how that change will affect the quantity demanded of a good or service.

Substitution Effect

The change in quantity demanded resulting from a change in the price of a good, making other goods more or less expensive relative.