A Good That Is Both Rival and Exclusive Is Called

question 130

Multiple Choice

A good that is both rival and exclusive is called

• A)a private good
• B)a public good
• C)a quasi-private good
• D)an external good
• E)an open access good

---

Definitions:

Mystification

A process by which the true nature of a social situation or relation is obscured, making it difficult for those involved to understand it or challenge the status quo.

Systematic Observation

A methodical approach to data collection, where researchers observe subjects in their natural environment without intervening or altering conditions.

Casual Observation

An informal method of gathering information based on spontaneous, non-systematic observations.

Direct Observation

A qualitative research method involving the systematic watching and recording of behaviors, events, or phenomena in their natural settings.