Describe the Difference Between Each of the Following Three Pairs

question 181

Essay

Describe the difference between each of the following three pairs of goods or services according to whether they are excludable or nonexcludable and rival or nonrival.
a.
a city police department and a commercial security system
b.
movies on HBO and movies on PBS (Public Broadcasting Service)
c.
fish in the ocean and fish in a fish farm

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Definitions:

Interpersonal Intelligence

The ability to understand and interact effectively with others.

Intrapersonal Intelligence

A component of Howard Gardner's theory of multiple intelligences focusing on the individual's capacity to understand oneself and to use such knowledge effectively in regulating one’s life.

Emotional Intelligence

The ability to recognize, understand, and manage our own emotions and those of others.

Arthur Jensen

A controversial American psychologist known for his work in psychometrics and intelligence research, particularly on racial differences in IQ scores.