Which good BEST fits the characteristics of a private good?
A) a city police force
B) government-provided medication
C) a hamburger
D) iTunes downloads
Correct Answer:
Verified
Q217: A pair of jeans that you purchase
Q218: (Figure: Public Goods and Common Resources) Use
Q219: (Figure: Public Goods and Common Resources) Use
Q220: Sunday afternoon NFL football games on television
Q221: Water available from a natural spring is
Q223: Which good is MOST likely to be
Q224: Many goods provided by the government, such
Q225: A public good, such as national defense,
Q226: A private good, such as a book,
Q227: The BEST example of a public good
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents