Which of the Following Is a Merit Good

question 67

Multiple Choice

Which of the following is a merit good?

• A)Local telephone service.
• B)Electricity.
• C)Health care.
• D)Automobiles.

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Definitions:

Ecologically Sound

Practices or processes that are sustainable and do not cause harm to the environment, ensuring the health and balance of ecological systems.

Informal Economies

Economic activities that are not monitored by the government and are often cash-based, including unreported work and black market transactions.

Bureaucracy

A system of government or management involving multiple levels of hierarchy and a complex set of rules and procedures.

Economic Stress

A condition or situation characterized by financial strain, uncertainty, or hardship affecting individuals, families, or communities, often due to external economic factors.