Which of the following is a defining characteristic of a public good?
a. It is produced and distributed by the government.
b. The decision to produce it is made by the public through the voting process.
c. It is produced and distributed by private firms according to government regulations.
d. It is freely available to everyone once it is produced.
e. It is purchased by one government agency from another government agency.
D
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The index of intra-industry trade is calculated as:
a. the minimum of imports and exports divided by the average of imports and exports. b. the maximum of imports and exports divided by the sum of imports and exports. c. imports divided by exports. d. imports plus exports divided by the average of imports and exports.
When people like yourself hold money in the event that a good opportunity may arise, such as the opportunity to purchase high interest-bearing assets, economists classify this money as satisfying your
a. precautionary motive b. transactions motive c. speculative motive d. liquidity motive e. investment motive