Private Goods Are

question 164

Multiple Choice

Private goods are:

• A)excludable and rival
• B)non-excludable and rival
• C)excludable and non-rival
• D)non-excludable and non-rival

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Definitions:

Empathic

Referring to the capacity to understand and share the feelings or emotions of another person.

Behaviorism

A psychological perspective focusing on observable behaviors and the external stimuli that influence them, often disregarding internal states.

Conditioned Stimulus (CS)

In classical conditioning, a previously neutral stimulus that, after being associated with an unconditioned stimulus, elicits a conditioned response.

Unconditioned Stimulus (UCS)

In classical conditioning, a stimulus that naturally and automatically triggers a response without prior conditioning.