One Important Feature That Distinguishes a Private Good from a Public

question 57

Multiple Choice

One important feature that distinguishes a private good from a public good is that

• A) a private good is excludable and a public good is nonexcludable.
• B) if you consume a unit of a private good, that means there is no less for someone else.
• C) nobody can be excluded from enjoying the benefits of a private good.
• D) only the government can produce private goods.
• E) a private good is nonrival and a public good is rival.

---

Definitions:

Gender Inequality

A disparity in power, opportunities, and rights between genders, often leading to discrimination and disadvantage for women and gender-diverse individuals.

Agricultural Societies

Are societies in which plows and animal power are used to substantially increase food supply and dependability as compared with horticultural and pastoral societies. Agricultural societies first emerged about 5,000 years ago.

Private Property

The legal right or interest that an individual has in a piece of property, distinctly marked by ownership rights, be it real estate or personal property.

Domestication of Animals

The process by which humans have modified the genes of animals over generations to live in close association with humans, often for the purpose of labor, companionship, or food.