A Characteristic of a Public Good Is

question 50

Multiple Choice

A characteristic of a public good is

• A) rival consumption.
• B) the exclusion principle.
• C) the free-rider problem.
• D) clear property rights.

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Definitions:

Asset

Resources with economic value owned by an individual, corporation, or country, expected to provide future benefits.

Tax Deductible

Expenses that can be subtracted from gross income to reduce the amount of income subject to income tax.

Repayment

The act of paying back borrowed money, usually with interest, over a period of time according to a predetermined schedule.

Dividends

A share of a corporation’s profits distributed regularly, usually every three months, to its stockholders.