Which of the Following Is Not True for a Public

question 171

Multiple Choice

Which of the following is not true for a public good?

• A)Marginal cost of serving public good to one more person is zero.
• B)Free-rider problem arises in case of public goods.
• C)Exclusion is not possible in most of the public goods.
• D)Public goods include only material commodities.

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Definitions:

Functional Thinking

An approach focusing on understanding the purpose and practical applications of objects, ideas, or processes rather than their theoretical aspects.

Functional Fixedness

A block to problem solving that comes from thinking about objects in terms of only their typical functions.

Relative Comparison

Relative comparison involves assessing or measuring something in relation to another similar item, considering their similarities and differences.

Insight Behavior

The understanding or learning of things through psychological introspection or a sudden realization.