A Major Difference Between a Private Good and a Public

question 8

Multiple Choice

A major difference between a private good and a public good is that:

• A) private goods are excludable, public goods are not.
• B) private goods can be produced in efficient quantities while public goods generally are not.
• C) private goods are rival in consumption, public goods are not.
• D) All of the answers are correct.

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Definitions:

Auguste Comte

A French philosopher known as the father of sociology, who advocated for the scientific study of society and the development of positivism.

French Revolution

A period of radical social and political upheaval in France that started in 1789 and led to the end of monarchy, the rise of Napoleon, and the reformation of the country's social structure.

Social Laws

Rules and regulations established by a society that govern the behavior of its members and are enforced by legal institutions.

Microsociology

The study of individual or small group interactions and behaviors in specific contexts, focusing on the details of social life.