A Private Good Is

question 58

Multiple Choice

A private good is

• A) excludable and rival.
• B) nonexcludable and nonrival.
• C) excludable and nonrival.
• D) nonrival and excludable.
• E) subject to the free-riding problem.

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Definitions:

Resources

Various types of assets such as time, money, materials, and labor that are available to individuals, businesses, or nations to achieve goals.

Needs' Assessment

An evaluative process aimed at determining the requirements or gaps in resources that must be addressed to improve performance or achieve objectives in a specific context.

Key Informant

A person with specialized knowledge about a particular subject who provides valuable insights or information for research or investigation.

Program Budgets

Financial plans that allocate resources for specific programs or projects, outlining anticipated revenues and expenditures.