A Major Distinction Between Pure Public Goods and Pure Private

question 34

Multiple Choice

A major distinction between pure public goods and pure private goods is that:

• A)pure private goods can easily be priced and sold in markets.
• B)pure public goods can easily be divided into units.
• C)pure public goods can only be collectively consumed.
• D)Both (a) and (c) are correct.

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Definitions:

Moral Thinking

The process of determining right from wrong, making ethical decisions based on principles of fairness, justice, and societal norms.

Nonconventional

Refers to methods, ideas, or practices that do not conform to the accepted or traditional standards.

Postconventional

A level of moral reasoning in Kohlberg's theory, characterized by an understanding that morals and ethics are guided by universal principles and internal belief systems rather than societal or authority-based rules.

Postconventional

A level of moral reasoning in Kohlberg's theory characterized by the application of ethical principles and personal conscience over societal rules.