One Important Feature That Distinguishes a Private Good from a Public

question 20

Multiple Choice

One important feature that distinguishes a private good from a public good is that

• A) only the government can produce private goods.
• B) nobody can be excluded from enjoying the benefits of a private good.
• C) a private good is excludable and a public good is nonexcludable.
• D) if you consume a unit of a private, that means there is no less for someone else.
• E) a private good is nonrival and a public good is rival.

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Definitions:

Indorses

A variant spelling of "endorses," meaning to sign the back of a check or document, transferring rights or expressing approval.

Unauthorized Indorsement

A signature placed on a negotiable instrument (like a check) without proper authority or consent, often leading to questions of validity and fraud.

Burden Of Loss

Refers to the responsibility to bear the financial impact of damage, loss, or destruction of property in legal or insurance contexts.

First Party

The entity or individual directly involved in a transaction or legal agreement, such as the buyer in a purchase agreement.