A Distinction Between Normal Goods and Information/knowledge Is That

question 22

Multiple Choice

A distinction between normal goods and information/knowledge is that

• A)Normal goods wear out,but information/knowledge does not
• B)Information/knowledge can be given or sold to many others
• C)Information/knowledge is subject to diminishing returns,but physical outputs are subject to increasing returns
• D)Both A and B

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Definitions:

Socially Constructed

Refers to ideas or meanings that are developed through interactions within a society.

Group Norms

Informal guidelines and shared expectations that regulate the behavior of group members.

Behaviourist Theories

Psychological concepts focusing on observable behaviors, emphasizing the role of external stimuli in shaping behavior.

Positivist

An individual who adheres to positivism, a philosophical system that recognizes only that which can be scientifically verified or which is capable of logical or mathematical proof.