Which of the Following Is the Only Type of Good

question 19

Multiple Choice

Which of the following is the only type of good for which there is no market failure, and the government need not intervene to prevent it?

• A) pure private good
• B) pure public good
• C) common pool resource
• D) toll goods

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Definitions:

Self-determination Theory

A theory of motivation that posits people are most satisfied and perform best when they feel that their actions stem from their own desires rather than from external pressures.

Self-efficacy

An individual's belief in their own capability to complete tasks and reach goals, influencing motivation and performance.

Delayed Gratification

The ability to resist the temptation for an immediate reward and wait for a later reward.

Advanced Math

A field of study focusing on mathematical concepts and techniques that are more complex and abstract than basic arithmetic or algebra.