What Do Goods That Are NOT Rival in Consumption Include

question 173

Multiple Choice

What do goods that are NOT rival in consumption include

• A)both natural monopolies and public goods
• B)both public goods and common resources
• C)both common resources and private goods
• D)both private goods and natural monopolies

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Definitions:

Reward Power

The ability of a person to influence the behavior of others by offering them something desirable as a means of motivation.

Value

The estimated worth of something. To be most valued, a person, object, or principle must be known, cherished, declared, supported, and supported habitually, even at personal sacrifice. The value-based leader demonstrates courage of conviction, an important leadership trait or quality.

Coercive Power

A form of authority that uses threats, punishment, and other negative tactics to enforce rules and influence behavior.

Intimidation

The act of frightening or threatening someone into doing or not doing something, often used as a control mechanism.