In Deciding Whether a Good Is a Public Good, One

question 410

Multiple Choice

In deciding whether a good is a public good, one must determine the

• A)incomes of those who benefit from the good.
• B)value of the external benefits that accrue to resource owners.
• C)excludability of the good.
• D)All of the above are correct.

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Definitions:

Decimal Points

A dot used to separate the whole number part from the fractional part of a number.

Elixir

A clear, sweet-flavored liquid used in pharmaceuticals as a vehicle for medicinal substances or as a magical potion with curative powers.

Benadryl

An over-the-counter medication known generically as diphenhydramine, used to relieve symptoms of allergy, hay fever, and the common cold.

Decimals

Numerical symbols used in the decimal number system to represent fractions of ten, fundamental in mathematics for expressing precise values.