A Private Good Is Defined as a Good or Service

question 170

Multiple Choice

A private good is defined as a good or service

• A) that is something tangible.
• B) that is rival and excludable.
• C) that is rival and nonexcludable.
• D) produced by a single country.
• E) that is nonrival and nonexcludable.

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Definitions:

Electrons

Subatomic particles with a negative charge that orbit the nucleus of an atom, involved in chemical reactions and electricity.

Oxidation-Reduction Reaction

Reaction in which one molecule is oxidized and another is reduced.

Charges

An amount or fee levied for a service, or the distribution of electrical energy.

Hydrogen Bonds

Weak bonds between molecules or within parts of a single molecule resulting from the attraction between a hydrogen atom and a more electronegative atom.