Private Goods Are

question 14

Multiple Choice

Private goods are:

• A)excludable, but not rival in consumption.
• B)rival in consumption and excludable.
• C)rival in consumption, but not excludable.
• D)neither rival in consumption nor excludable.

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Definitions:

Trade Barriers

Measures such as tariffs, quotas, and import bans that governments impose to restrict international trade and protect domestic industries.

Canada

a country located in the northern part of North America, known for its vast landscapes, multicultural diversity, and economic strength.

Mexico

A country located in the southern portion of North America, known for its rich cultural heritage, diverse landscapes, and economic significance.

Offshore Outsourcing

The practice in which businesses hire people in another country to perform various tasks.