A Good Is Considered to Be a Public Good If

question 182

Multiple Choice

A good is considered to be a public good if it

• A) is a good produced by the government sector.
• B) is both nonrival-in-consumption and nonexcludable.
• C) benefits only a small group of consumers but is very costly to produce.
• D) is a good whose production is financed by tax revenue.

---

Definitions:

Marcia

A reference to James Marcia's theory on identity status, addressing the processes of exploration and decision making that lead to various identity outcomes in adolescence.

Erikson

Erik Erikson, a German-American developmental psychologist and psychoanalyst known for his theory on the psychological development of human beings, including the concept of identity crisis.

Autonomy versus Shame and Doubt

A stage in Erik Erikson's theory of psychosocial development where toddlers learn to exercise will and do things independently, leading to a sense of autonomy, or they doubt their abilities, leading to feelings of shame and doubt.

Industry versus Inferiority

Erikson's fourth stage of psychosocial development, where children learn to master tasks and develop a sense of competency or inadequacy based on their successes or failures.