A Private Good Is a Good or Service for Which

question 205

Multiple Choice

A private good is a good or service for which exclusion is _____ and that is _____ in consumption.

• A)possible;rival
• B)possible;nonrival
• C)not possible;rival
• D)not possible;nonrival

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Definitions:

Sensorimotor

Pertaining to or involving both sensory and motor activities or functions, often in reference to the integration of sensory input and motor responses.

Motor Cortex

A part of the cerebral cortex tasked with planning, managing, and executing movements done by choice.

Inferior Frontal Cortex

A region of the frontal lobe of the brain that plays a role in language processing and motor control.

Cognitive Development

The process by which an individual's ability to think, understand, and interact with the world evolves over time.