Your instructor decides to give the class one very hard exam question.The entire class may work together to answer the question since the instructor just wants the correct answer;she does not care how the class arrives at the answer or who contributes to answering the question.She will grade the final answer the class submits,and all students will receive the same grade.In one sense,the exam grade is a __________ since all students will benefit and cannot be denied a grade,regardless of their individual contributions to answering the question.

Question

Quizplus · Accepted Answer

This scenario describes a public good, which is a good or service that benefits everyone and cannot be withheld or denied to anyone. The fact that all students will receive the same grade, regardless of their contributions, is a key aspect of a public good. This contrasts with selective goods, which can be selectively provided to some individuals but not others, and private goods, which are exclusive to those who pay for or own them. Retail and wholesale goods refer to distribution methods and are not relevant to this scenario.

Your Instructor Decides to Give the Class One Very Hard