Private Goods Are

question 20

Multiple Choice

Private goods are

• A)nonrival and excludable.
• B)nonrival and nonexcludable.
• C)always produced in a nonregulated market.
• D)rival and excludable.
• E)rival and nonexcludable.

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Definitions:

Temperature

A physical quantity expressing the subjective perceptions of hot and cold, measured by a thermometer.

Increased

A term denoting a situation or quantity that has grown or become larger or greater in size, volume, number, or degree.

Negatively Related

A term describing two variables that move in opposite directions, where an increase in one leads to a decrease in the other.

Slopes Downward

Describes a line or curve on a graph that decreases in value as it moves from left to right, indicating a negative relationship between two variables.