An Example of a Public Good Is

question 111

Multiple Choice

An example of a public good is

• A) software produced by Microsoft.
• B) housing subsidies.
• C) the car I own.
• D) the fire department.

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Definitions:

Dividends

Profits paid out by a company to its stockholders, frequently as a distribution of earnings.

Asset Account

An account on a company's balance sheet that represents the resources owned by the company that have economic value.

Liability Account

An account on the balance sheet indicating obligations or amounts owed to others that will require a future outlay of resources.

Recording

The process of documenting financial transactions in the accounting records.