A Pure Private Good Is

question 22

Multiple Choice

A pure private good is

• A)nonrival in consumption and subject to exclusion.
• B)rival in consumption and subject to exclusion.
• C)rival in consumption and not subject to exclusion.
• D)all of the above.

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Definitions:

Maslow's Hierarchy

A theory in psychology proposing that people are motivated to achieve certain needs and that some needs take precedence over others, forming a five-tier model of human needs.

Self-actualization

The realization or fulfillment of one's talents and potentialities, especially considered as a drive or need present in everyone.

Physiological

Physiological pertains to the functions and processes of living organisms and their parts, including the physical and chemical processes contributing to life.

Action

The process of doing something towards achieving an aim, often regarded as a critical component in the implementation of strategies or plans within various contexts.