What Distinguishes a Public Good from a Private Good

question 70

Multiple Choice

What distinguishes a public good from a private good?

• A) Public goods are subject to the free-rider problem.
• B) Private goods are never produced by the government.
• C) Public goods are excludable, but nonrival.
• D) Private goods will not be produced in private markets unless the government is involved.

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Definitions:

Earth

The third planet from the Sun, uniquely known for its vast oceans, atmosphere conducive to life, and diverse ecosystems.

African Enslavement

The historical period during which people of African descent were forcibly taken from their homes and sold into slavery, primarily in the Americas.

War Captives

Individuals captured during armed conflicts, who may be held for leverage, exchange, or punishment, and their treatment is often subject to international laws and conventions.

Europeans

Residents or natives of Europe, a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere.