Match each good with the type of good it represents.

Students were requested to answer a question at academics and to state what is most important for them to succeed. One which response stood out from the rest was practice. People who absolutely successful do not become successful by being born. They work hard and commitment their lives to succeeding. If you tend to complete your goals, keep this in mind! These are some question and answer examples that you might possibly implement to enrich your knowledge and gain insight that will help you to preserve your school studies.

Question:

Match each good with the type of good it represents.

A. Retirement programs 1 Public good
B. Infrastructure projects 2 Merit good
C. Stock investments 3 Individual good

Answer:

The correct answer is the following.

The correct matches are:

A. Retirement program: Merit good.

B. Infrastructure program: public good.

C. Stock investments: Individual good.

A retirement program is a merit good. The merit of having worked and pay taxes for an entire professional life. That is why pension is so valued for retired people after many years of service. Stock investments are individual goods. People invest, risk their money, are perseverant and patience, and at the end, they receive the interests for their investments. And finally, an infrastructure program benefits the citizens. If the government builds a new bridge or highway, it benefits millions of people and represents an improvement in the infrastructure of the city.

From the answer and question examples above, hopefully, they might be able to help the student deal with the question they had been looking for and keep in mind of the whole thing declared in the answer above. Then can easily carry out some sharing in a group discussion and also study with the classmate relevant to the topic, so another student also take up some enlightenment and still keeps up the school learning.

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