A Good That Is Both Nonexcludable and Nonrival-In-Consumption Is Called

question 31

Multiple Choice

A good that is both nonexcludable and nonrival-in-consumption is called a

• A) common good.
• B) external good.
• C) public good.
• D) private good.

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Definitions:

Cognitive Model

A representation of the mental processes involved in thinking, understanding, learning, and remembering.

Abnormal Behavior

Patterns of action or behavior that are atypical, significantly deviate from societal norms, and may impair functionality.

Self-defeating

Behaviors or thought patterns that undermine one's own success or well-being.

Cognitive Model

A theoretical construct that represents how cognitive processes work to help us understand and predict behavior.