Which of the Following Statements Is TRUE About the Difference

question 242

Multiple Choice

Which of the following statements is TRUE about the difference between a public and private good?

• A) Both public and private goods are owned by individuals but public goods can be shared while private goods cannot be shared.
• B) The government produces private goods while corporations produce public goods.
• C) Consumption of a private good by one person reduces the amount available for others while the consumption of a public good does not reduce the amount available for others.
• D) Resources are used to produce private goods but are not used to produce public goods.

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Definitions:

Developmental Task

A skill or growth responsibility that is typically achieved at a certain age, contributing to the overall development of an individual.

Infant

A very young child or baby, typically under one year of age.

Rhythmicity

The characteristic of having a regular repetitive pattern or beat, often applied to biological processes or music.

Distractibility

The ease with which an individual can be pulled away from their focus or task by irrelevant stimuli or thoughts.