In the Case of a Private Good, Which of the Following

question 190

Multiple Choice

In the case of a private good, which of the following forms of economic organization will result in the strongest incentive for consumers and producers to economize?

• A) The good is produced privately and taxes are used to provide it to consumers free of charge.
• B) The good is produced privately and consumers purchase it with their own money.
• C) The good is produced by government enterprises and the cost of its production is covered by taxes.
• D) The good is produced by government enterprises and consumers purchase it with their own money.

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Definitions:

Phallic Stage

A phase in Freud's psychosexual development theory, occurring between ages three and six, where the libido's focus is on the genital area.

Oedipus

A concept in psychoanalytic theory referring to a child's unconscious sexual desire for the opposite-sex parent and jealousy toward the same-sex parent.

Carl Rogers

An influential American psychologist who founded the person-centered approach to therapy, emphasizing empathy, unconditional positive regard, and genuineness in the therapeutic relationship.

Abraham Maslow

An American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.