Public Goods Are Difficult to Provide in the Private Market

question 160

Multiple Choice

Public goods are difficult to provide in the private market because they have the characteristics of

• A) rivalry and exclusivity.
• B) nonrivalry and nonexclusivity.
• C) rivalry and nonexclusivity.
• D) nonrivalry and exclusivity.

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Definitions:

Material Culture

Physical objects, resources, and spaces that people use to define their culture, including buildings, artwork, tools, and clothing.

Patterns of Behavior

Regular actions or reactions that occur in a predictable manner within a particular context or environment.

Ways of Thinking

The approaches, methods, and processes by which individuals conceptualize ideas, make decisions, and interpret the world around them.

Genetically Determined

Traits or characteristics that are inherited from one's parents and determined by genetic information.