A Distinguishing Feature of Public Goods Is That

question 88

Multiple Choice

A distinguishing feature of public goods is that:

• A) the exclusion of consumers who don't pay for the goods is not possible.
• B) the exclusion of consumers who don't pay for the goods is possible.
• C) they create external benefits.
• D) they may create external costs.

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Definitions:

Theory

A general principle or set of principles proposed to explain how a number of separate facts are related.

Cognitive Dissonance

A psychological phenomenon where an individual experiences discomfort from holding two or more contradictory beliefs, values, or ideas simultaneously.

Inconsistencies

Occurrences of being in conflict or not being consistent in thoughts, behaviors, or actions.

Attitudes

Mental inclinations demonstrated through assessing a specific entity with a certain level of preference or aversion.