Because of Issues of Rivalry and Excludability, Greenhouse Gas Emissions

question 282

Multiple Choice

Because of issues of rivalry and excludability, greenhouse gas emissions can best be referred to as a _____ good.

• A) negative private
• B) negative public
• C) positive private
• D) positive public

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Definitions:

Economically Desirable

Characteristics or actions that are considered beneficial for the economy, potentially enhancing efficiency or growth.

Private Markets

Markets where transactions are conducted directly between parties without public oversight or regulation, often relating to investments or services.

Allocate Resources

The process of distributing available resources among various projects, departments, or entities to achieve desired objectives.

Benefit Surpluses

The extra utility or satisfaction gained by consumers when the price they are willing to pay for a good or service exceeds the market price.