Which Is a Product or Benefit That Can Be Enjoyed

question 37

Multiple Choice

Which is a product or benefit that can be enjoyed by anyone, regardless of whether he or she has paid for it, such that its consumption by one person does not prevent its consumption by others?

• A) social good
• B) club good
• C) common good
• D) public good
• E) private good

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Definitions:

Health, Safety

pertains to the regulations, procedures, and practices that protect the wellbeing of individuals, particularly in the workplace or public environments.

Technical Standards

Established norms or requirements in regards to technical systems and their components, such as quality, safety, and interoperability standards to ensure compatibility and efficiency.

Import Quota

A government-imposed limit on the quantity of a certain good that can be imported into the country.

Tariff

A tax imposed on imported goods and services, aimed at making foreign products more expensive and protecting the domestic industry.