A Public Good

question 40

Multiple Choice

A public good

• A) only yields benefits to those that decide to buy it.
• B) is the same as a common resource.
• C) is nonrival and nonexcludable.
• D) is rival.

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Definitions:

Adult Population

Individuals within a society who are considered adults, usually based on age, for purposes of labor market analysis and demographic studies.

Employed Category

Classification of individuals within the labor force who currently have jobs or are working.

Unemployed Category

A classification for individuals who are not currently employed but are actively seeking work and available to start work.

Unemployed Category

The classification of individuals in the labor force who are without a job but actively seeking employment.