Which of the Following Is the Only Type of Good

question 19

Multiple Choice

Which of the following is the only type of good for which there is no market failure, and the government need not intervene to prevent it?

• A) pure private good
• B) pure public good
• C) common pool resource
• D) toll goods

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Definitions:

Complementary DNA

DNA synthesized from a messenger RNA template, allowing for the cloning and examination of specific genes.

ENCODE Project

A research initiative aimed at identifying all functional elements in the human genome.

Human Genome

The entire collection of human nucleic acid sequences, represented as DNA across the 23 pairs of chromosomes in cell nuclei and a small DNA molecule located in the mitochondria of each cell.

Biological Function

The roles and activities through which living organisms survive, such as reproduction and metabolism.