Private Goods Are

question 20

Multiple Choice

Private goods are

• A)nonrival and excludable.
• B)nonrival and nonexcludable.
• C)always produced in a nonregulated market.
• D)rival and excludable.
• E)rival and nonexcludable.

---

Definitions:

Repression

A defense mechanism where unwanted or disturbing thoughts, memories, or desires are unconsciously pushed out of conscious awareness.

Automatic Processing

The unconscious encoding of incidental information such as space, time, frequency, and well-learned information.

Source Amnesia

A memory disorder where an individual can remember certain information but is unable to recall where, when, or how they obtained it.

Misinformation Effect

The phenomenon where a person's memory and perception are influenced by incorrect or misleading information presented after an event.