What Is an Important Difference Between the Demand for a Private

question 55

Multiple Choice

What is an important difference between the demand for a private good and the demand for a public good?

• A)Individuals reveal their preferences for a public good, but they do not have to reveal their preferences a private good.
• B)The resources used to provide public goods are common resources or government owned; the resources used to produce private goods are all privately owned.
• C)Individuals reveal their preferences for a private good, but they do not have to reveal their preferences for a public good.
• D)The demand for a private good produces consumption externalities; the demand for a public good produces production externalities.

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Definitions:

Central Canal

A fluid-filled channel in the center of the spinal cord, part of the central nervous system's cavity.

Excitatory Signals

Neural impulses that increase the likelihood of a neuron firing and transmitting its message to another neuron.

Inhibitory Signals

Chemical or electrical signals that decrease the likelihood of a neuron firing, thus reducing the activity of neural circuits.

Neuron

Nerve cell that characteristically has three parts: dendrites, cell body, and an axon.