A Lighthouse Might Be Considered a Private Good If

question 261

Multiple Choice

A lighthouse might be considered a private good if

• A)there is a second lighthouse nearby, thus preventing a monopoly.
• B)the owner of the lighthouse is able to exclude beneficiaries from receiving the benefits of the lighthouse.
• C)ships are able to enjoy the benefits of the lighthouse without paying for the benefit.
• D)a nearby port authority is able to avoid paying any fees to the lighthouse owner.

---

Definitions:

Planters

Wealthy landowners in agricultural economies who owned and controlled large plantations and the labor, often enslaved, that worked them.

Slave-Labor System

A system where individuals are forced into labor without pay, typically under harsh conditions.

Slaveholders

Individuals or entities that owned slaves, historically participating in the practice of human bondage and forced labor, a widely condemned violation of human rights.

Nonslaveholders

Individuals or households in slaveholding societies that did not own slaves, often due to economic reasons, ethical beliefs, or both.