Private Goods Are

question 74

Multiple Choice

Private goods are:

• A) not rival in consumption, but excludable.
• B) rival in consumption and excludable.
• C) rival in consumption, but not excludable.
• D) not rival in consumption and not excludable.

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Definitions:

Dose-response

The relationship between the amount of a substance or drug taken and the intensity of the effect it produces, illustrating how incremental increases in dose can lead to changes in response.

Causal

Pertaining to the relationship between cause and effect, indicating that one event is the result of the occurrence of the other event.

Prospective Studies

Research studies that follow participants over time to observe outcomes, such as the development of diseases, based on earlier exposures or risk factors.

Retrospective Studies

Research studies that analyze past data to assess outcomes and factors affecting them.