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:

Nutrition

The process of providing or obtaining the food necessary for health and growth, and the science behind the optimal diet for health.

Clinical Rotation

A period of practical training in various specialties for healthcare students, usually taking place in clinical settings.

Intensive Care Unit

A specialized hospital department that provides continuous monitoring and comprehensive care for critically ill patients.

Primary Nurse

A nursing care delivery model where a single nurse is responsible for the entirety of care for a small group of patients during their hospital stay.