Which of the Following Statements About Private Goods and Public

question 436

Multiple Choice

Which of the following statements about private goods and public goods is correct?

• A)Private goods and public goods are both excludable.
• B)Private goods and public goods are both rival in consumption.
• C)Private goods are not excludable and public goods are excludable.
• D)Private goods are rival in consumption and public goods are not excludable.

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Definitions:

Synthetic Mimics

Artificial substances or materials that replicate or imitate the functions and properties of natural substances.

Endocrine System

A network of glands in the body that produce and release hormones directly into the blood, controlling various bodily functions.

Circulatory System

The body system responsible for the transport of blood, nutrients, oxygen, carbon dioxide, and hormones throughout the body, comprising the heart and blood vessels.

Bioaccumulation

The process by which certain substances, such as pesticides or heavy metals, increase in concentration in the bodies of organisms over time, often leading to toxicity.