A Private Good Is

question 107

Multiple Choice

A private good is

• A)a good that is rival and nonexcludable.
• B)a good that is nonrival and nonexcludable.
• C)a good that is rival and excludable.
• D)a good that is nonrival and excludable.

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Definitions:

Chemical Messengers

Molecules that transmit signals from one cell to another, often hormones or neurotransmitters.

Modified Fatty Acid

A fatty acid that has been chemically altered or synthesized, often to change its properties or functional abilities.

Prostaglandin

A group of physiologically active lipid compounds having diverse hormone-like effects in animals.

Peptide Hormones

Water-soluble hormones composed of proteins, such as oxytocin and antidiuretic hormone (ADH).