A Good That Is Nonrival but Exclusive Is Called

question 106

Multiple Choice

A good that is nonrival but exclusive is called

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

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Definitions:

Opponent Processes

A theory suggesting that emotions are regulated by mechanisms that operate in opposition to each other, helping to explain emotional contrasts.

Social Exchange

A theory in social science that suggests human relationships are formed by the use of a subjective cost-benefit analysis and the comparison of alternatives.

Proximity

The physical or psychological closeness between people, objects, or concepts, affecting relationships and interactions.

Friendships

A mutual relationship between two people that is built on trust, affection, and support.