Which of the Following Statements Is Correct

question 169

Multiple Choice

Which of the following statements is correct?

• A)Private goods and public goods are both excludable and rival in consumption.
• B)Private goods are rival in consumption but not excludable, whereas public goods are excludable but not rival in consumption.
• C)Private goods are both excludable and rival in consumption, whereas public goods are neither excludable nor rival in consumption.
• D)Private goods are neither excludable nor rival in consumption, whereas public goods are both excludable and rival in consumption.

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Definitions:

Meaningful

Having significance, purpose, or value, often in a way that is personally or socially fulfilling.

Cohabitation

The act of living together and having a sexual relationship without being married.

Older Adults

Individuals in a population who are considered to be of an advanced age, often categorized as being 65 years old or older.

Positive

Referring to the presence of desirable qualities, constructive outcomes, or affirmative attributes in various contexts.