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.

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Definitions:

ECU

Stands for Engine Control Unit, an electronic module that controls various engine functions and performance parameters.

Voltage Spikes

Sudden increases in electrical voltage that can potentially cause damage to electronic devices and components.

Circuitry Damage

Damage to the electrical pathways in a device that can interrupt the flow of electricity and impair functionality.

Microprocessors

Small, powerful processors that perform calculations and manage the operations of a computer or specialized hardware device.