An Example of a Semi-Private Good Would Be

question 103

Multiple Choice

An example of a semi-private good would be

• A)Measles inoculation programs
• B)A neighborhood crime watch group
• C)Talking on a cell phone during the screening of a movie
• D)All of the above are semi-private goods
• E)None of the choices are semi-private goods

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Definitions:

Goods

Items or merchandise that are produced for sale or use.

Contract

A legally binding agreement between two or more parties that is enforceable by law.

Risk of Loss

Risk of loss refers to the legal and financial responsibility for the damage, destruction, or loss of property, often determined by the terms of a contract.

Merchant

An individual or company engaged in the wholesale or retail sale of goods, services, or commodities for profit.