One Characteristic of a Public Good Is That It

question 270

Multiple Choice

One characteristic of a public good is that it

• A) is available for consumption by only a few individuals at any particular time.
• B) always eliminates the free-rider problem.
• C) can be consumed simultaneously by many individuals.
• D) can be easily subdivided into small units.

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Definitions:

Annuities

An investment product sold by financial institutions that pays out a fixed stream of payments to the individual, and is often used as an income stream for retirees.

Compute

To calculate or determine by mathematical means.

Compounded Semiannually

Refers to the process of calculating interest on both the initial principal and the accumulated interest over two periods within a year.

Withdraw Every Six Months

A financial term that refers to the process of taking money out of an account or investment at semiannual intervals.