A Good or Service That Is Both Highly Nonrival and Highly

question 67

Multiple Choice

A good or service that is both highly nonrival and highly nonexcludable is a(n) _______ and a good or service that possesses some degree (but not a high degree) of being both nonrival and nonexcludable is a ____

• A)public good;pure public good.
• B)pure public good;public good.
• C)pure public good;private good.
• D)public good;private good.

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Definitions:

Social Unrest

A condition of dissatisfaction and discord within a community or society, often leading to protests, demonstrations, or conflicts.

Relatively Deprived

A perception or feeling of disadvantage when comparing oneself to others in similar situations or to societal standards, leading to dissatisfaction and potential social unrest.

Relative Deprivation

A feeling of dissatisfaction or injustice experienced by people who believe they have less than they deserve, often in comparison to others.

Race Riots

Violent conflicts that arise from tensions or confrontations between racial groups within a community or society.