A Public Museum Is an Example of a

question 210

Multiple Choice

A public museum is an example of a

• A) government-sponsored good.
• B) public good.
• C) good which generates a positive externality.
• D) good which generates a negative externality.

---

Definitions:

Lease

A contractual agreement by which one party (the lessor) grants another party (the lessee) the right to use an asset, property, or space for a specified period in return for payment.

Adequate Supply

Refers to a quantity of goods or materials that is sufficient to meet demand or requirements.

Non-necessary Item

A product or service considered not essential for basic living and daily function.

Coat

An outer garment worn outdoors, providing protection from the weather or for fashion purposes; not related to specific legal or financial terminology.