Which of the Following Is Most Likely a Private Good

question 6

Multiple Choice

Which of the following is most likely a private good?

• A) Cars.
• B) National defense.
• C) Sidewalks.
• D) The administration of justice.

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Definitions:

Reference Group

A social group that serves as a point of reference for individuals in shaping their behavior, expectations, or attitudes.

Evaluates

Evaluating involves systematically assessing something to determine its value, effectiveness, or significance based on specific criteria or standards.

Conduct

The manner in which a person behaves, especially in a particular place or situation.

Laissez-faire Leadership

A leadership style characterized by minimal direct supervision, where leaders provide tools and resources but allow employees to solve problems on their own.