A Good That Is Rival and Excludable Is Defined as a ________

question 27

Multiple Choice

A good that is rival and excludable is defined as a ________ good.

• A) private
• B) public
• C) common-resource
• D) club
• E) government

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Definitions:

NAch

Represents the need for achievement; a psychological trait that drives individuals to accomplish goals and excel.

James-Lange Theory

A theory of emotion proposing that emotions result from our interpretations of our bodily reactions to stimuli.

Cannon-Bard Theory

A concept suggesting that physical arousal and the feeling of emotions happen at the same time but are separate from each other.

Extrinsic Motivation

Type of motivation in which a person performs an action because it leads to an outcome that is separate from or external to the person.