Which of the Following Statements Is True About the Difference

question 105

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:

Conceptual Model

An abstract representation that organizes and illustrates the key concepts and the relationships among them within a field of study.

Structural Components

Fundamental parts or aspects that form the basis or framework of a system, building, or organism.

Behavioral System

A framework for understanding individual behavior as a complex system of responses to both internal and external stimuli.

Behavioral System Model

A nursing theory that views individuals as behavioral systems with interconnected parts working to maintain balance.