A Public Good Is

question 52

Multiple Choice

A public good is

• A) rival and excludable.
• B) rival and nonexcludable.
• C) nonrival and excludable.
• D) nonrival and nonexcludable.
• E) a good that has an infinite number of substitutes.

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Definitions:

Anhedonia

A condition characterized by the inability to experience pleasure from activities usually found enjoyable.

Cyclothymia

A mood disorder characterized by periods of mild depression and periods of hypomania, which are less severe than those in bipolar disorder.

Pleasurable

Describing an experience or sensation that is enjoyable and brings happiness or satisfaction.

Unipolar

Referring to mood disorders that involve only one emotional pole, such as depression, without episodes of mania.