A Public Good Is Defined as a Good with Which

question 156

Multiple Choice

A public good is defined as a good with which of the following characteristics?

• A) non-rivalry, rivalry
• B) excludability, rivalry
• C) non-rivalry, non-excludability
• D) rivalry, non-excludability

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Definitions:

Self-Interested

Behavior driven by personal benefit, where individuals act in their own best interest to achieve their personal goals.

Corrective Tax

A levy intended to motivate individuals to consider the communal costs resulting from adverse external effects.

Tradable Pollution Permits

A market-based approach to controlling pollution by providing economic incentives for achieving reductions in the emissions of pollutants.

Pollution

The introduction of contaminants into the natural environment that cause adverse change, often as a byproduct of human activities.