Match the Term with the Appropriate Phrase

question 2

Multiple Choice

Match the term with the appropriate phrase. You may use each answer once, more than once or not at all.
-mantle

• A)the Sun and the eight major planets revolving around it
• B)gaseous and dusty space cloud (pre-cursor to a solar system)
• C)Milky Way galaxy
• D)outermost portion of the Earth composed largely of the igneous rocks basalt and granite
• E)contains minerals rich in iron and magnesium, between the crust and the core, and has the second largest volume according to the chemical classification
• F)solar winds
• G)composed mostly of iron and nickel with a liquefied metallic outer layer

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Definitions:

Public Goods

Goods that are non-excludable and non-rivalrous, meaning their consumption by one individual does not reduce availability to others.

Private Consumption

The total value of all goods and services consumed by individuals and households for personal use.

Pareto Efficient

A resource distribution condition where no reallocation can improve one person's situation without detrimentally affecting another person's situation.

Public Good

A good that is non-excludable and non-rivalrous, meaning it can be used by everyone and one person's use does not reduce its availability to others.