Which Term Describes a Good That May Be Enjoyed by Anyone

question 131

Multiple Choice

Which term describes a good that may be enjoyed by anyone after it is provided and may not be denied to anyone after it is provided?

• A)collective action good
• B)public good
• C)externality
• D)solid good
• E)public liability

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Definitions:

Competition

A situation in which individuals or groups vie for dominance, resources, or success in a particular field or activity.

Resources

Assets, materials, and substances available for use in the production of goods or the provision of services.

Conflict Theory

A theoretical framework that views society as being in a constant state of conflict due to competition for limited resources, focusing on the struggles between social classes.

Status

An established position in a social structure that carries with it a degree of prestige.