An Army Private Mussalute When He Approaches an Officer and Hold

question 48

True/False

An army private mussalute when he approaches an officer and hold the salute until after the officer has returned the greeting.This is an illustration oa status.

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Definitions:

Private Goods

Private goods are products that are excludable and rival in consumption, meaning their use is limited to paying customers and one person's consumption prevents another's.

Externalities

Economic side effects or consequences that affect uninvolved third parties; can be negative (costs) or positive (benefits).

Not Excludable

A characteristic of goods or services that does not allow for the prevention of use by individuals who have not paid for it.

Not Rival

A characteristic of a good where its consumption by one individual does not reduce availability to others, often associated with non-rivalrous goods.