A Public Good

question 113

Multiple Choice

A public good:

• A) Generally results in substantial negative externalities
• B) Can never be provided by a nongovernmental organization
• C) Costs essentially nothing to produce and is thus provided by the government at a zero price
• D) Can't be provided to one person without making it available to others as well

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Definitions:

Benefits and Services

Various non-wage compensations provided to employees in addition to their normal wages or salaries.

Motivate Employees

Strategies and practices employed to encourage staff to perform their best and remain engaged with their work.

Ethical Implications

Considerations related to the morality of actions or decisions, especially regarding their impact on people and the environment.

Defined Contribution Plans

Retirement plans where the amount contributed to the plan is defined, but the payout at retirement is based on investment performance.