The Two Main Characteristics of a Public Good Are

question 176

Multiple Choice

The two main characteristics of a public good are

• A) production at constant marginal cost and rising demand.
• B) nonexcludability and production at rising marginal cost.
• C) nonrivalry and nonexcludability.
• D) nonrivalry and large negative externalities.

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Definitions:

Social Action

Efforts to change society or aspects of it through collective behavior and policies to improve public welfare.

Class Advocacy

Efforts to support, defend, or promote the interests and rights of a particular class or group within a community or organization.

Effective

Yielding the desired outcome or result with efficiency and efficacy.

Advocacy Action

Refers to proactive efforts undertaken to influence public-policy and resource allocation decisions within political, economic, and social systems.