What Is a Private Good

question 152

Multiple Choice

What is a private good?

• A)A good that is non-excludable and rival
• B)A good that is excludable and rival
• C)A good that is excludable and non-rival
• D)A good that is non-rival and non-excludable

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Definitions:

Privacy Guidelines

Established rules and principles designed to protect individuals' personal information from unauthorized access or disclosure.

Custodial Parent

The parent who is granted the primary right and responsibility to care for a child following a divorce or separation, as determined by a court of law.

Noncustodial Parent

A parent who does not have legal custody of their child, meaning the child does not live with them the majority of the time.

Binuclear Families

Families created when two households share in raising children, such as two divorced parents who have remarried.