What Are the Two Characteristics That Differentiate Private Goods from Public

question 203

Multiple Choice

What are the two characteristics that differentiate private goods from public goods?

• A) rivalry and excludability
• B) negative externality and positive externality
• C) marginal cost and marginal benefit
• D) ownership and usage

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Definitions:

Cerebellum

A region of the brain that plays an important role in motor control, coordination, precision, and timing of movements.

Basal Ganglia

A group of nuclei in the brain involved in coordinating movement, as well as aspects of learning and emotion.

Flexor Muscles

Muscles that decrease the angle between bones on two sides of a joint, involved in bending or flexing parts of the body.