Which of the Following Is an Example of a Public

question 175

Multiple Choice

Which of the following is an example of a public good?

• A)​telephone service
• B)​national defense
• C)​a city-owned bus
• D)​electricity generated by a city-owned public utility

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Definitions:

Activity Level

A measure of the volume or quantity of work performed or production achieved in a specific period.

Account Analysis

A thorough review of accounting records to understand and verify the accuracy of transactions and financial statements.

Variable

A characteristic, number, or quantity that increases or decreases over time, or takes different values in different situations.

Fixed

Costs or expenses that do not change with the level of production or sales activity, such as rent or salaries.