As Shown in the Accompanying Figure, a ____ Is a Type

question 39

Multiple Choice

As shown in the accompanying figure, a ____ is a type of solid-state media, which means it consists entirely of electronic components and contains no moving parts.

• A) flash memory card
• B) compact memory card
• C) digital memory card
• D) USB memory card

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Definitions:

Private Goods

Private goods are products that are excludable and rival in consumption, meaning their use is limited to paying customers and one person's consumption prevents another's.

Externalities

Economic side effects or consequences that affect uninvolved third parties; can be negative (costs) or positive (benefits).

Not Excludable

A characteristic of goods or services that does not allow for the prevention of use by individuals who have not paid for it.

Not Rival

A characteristic of a good where its consumption by one individual does not reduce availability to others, often associated with non-rivalrous goods.