The Best Example of a Private Good, Exchanged in Competitive

question 133

Multiple Choice

The best example of a private good, exchanged in competitive markets and for which exclusion is possible, is:

• A) an automobile.
• B) public education.
• C) national defense.
• D) law enforcement.

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Definitions:

Apes

Apes are a group of primates that includes gibbons, orangutans, gorillas, chimpanzees, and humans, characterized by their large brains, lack of tail, and often complex behaviors and social structures.

Generic Pronoun

A pronoun that is used to refer nonspecifically to any member of a class of people or objects.

Trigger Images

Visual content that evokes a strong emotional reaction or recalls specific memories for an individual.

Babbling

An early stage in child language acquisition where infants produce sounds or syllables repeatedly, which is crucial for the development of later language skills.