A Good That May Be Enjoyed by Anyone, If Provided

question 61

Multiple Choice

A good that may be enjoyed by anyone, if provided, and that may not be denied to anyone once it has been provided is called a(n)

• A)public good.
• B)private good.
• C)externality.
• D)universal good.

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Definitions:

Social Research

The process of conducting research to understand human behavior, social interactions, and societal structures.

Ethnographic Research

A qualitative research method that involves observing and interacting with a study's participants in their real-life environment to understand their cultures, behaviors, and perceptions.

Advantages

Favorable conditions or circumstances that increase the chances of success or effectiveness.

Disadvantages

Conditions or situations that hinder progress or reduce the ability to achieve objectives, often resulting in inequality or less favorable outcomes.