If, at a Low Cost, You Cannot Prevent a Person

question 115

Multiple Choice

If, at a low cost, you cannot prevent a person from benefiting from the consumption of a good you produced, the good is

• A) excludable.
• B) nonexcludable.
• C) rival in consumption.
• D) nonrival in consumption.

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Definitions:

Excessive Gratification

The act of satisfying desires or indulging to an excessive degree, often leading to negative consequences or addiction.

Psychosexual Development

A Freudian theory that proposes that children pass through a series of stages centered on erogenous zones that influence their adult personality.

Phallic

Relating to or resembling a phallus or penis, often used to describe certain aspects of Freudian psychosexual development during the phallic stage.

Psychosexual Development

Freud's theory that childhood development occurs in a series of fixed psychosexual stages, each characterized by different demands for sexual gratification.