Private Goods Are

question 127

Multiple Choice

Private goods are

• A) rival in consumption, and their benefits are excludable.
• B) nonrival in consumption, and their benefits are excludable.
• C) nonrival in consumption, and their benefits are nonexcludable.
• D) rival in consumption, and their benefits are nonexcludable.

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Definitions:

Ice Caps

Large areas covered with ice that are smaller than ice sheets, found in polar and subpolar regions, significantly affecting the regional climate.

Groundwater

Water that fills the cracks and spaces in underground soil and rock layers, supplying wells and springs.

Rivers

Large natural streams of water flowing in channels and emptying into larger bodies of water like lakes, seas, or other rivers.

Groundwater

The water found underground in the cracks and spaces in soil, sand, and rock.