Which of the Following Is True Concerning a Public Good

question 24

Multiple Choice

Which of the following is true concerning a public good?

• A)It is both non-rival and non-excludable.
• B)It is non-rival but not necessarily non-excludable.
• C)It is non-excludable but not necessarily non-rival.
• D)It is neither non-rival nor non-excludable.

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Definitions:

Modernity

The quality or condition of being modern, characterized by the transition from feudalism to capitalism, industrialization, secularization, and the rise of democratic states.

Erosion of Authority

The gradual loss of credibility, influence, or power by individuals or institutions in positions of authority.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness and interdependence of the world's markets and businesses.

Media Convergence

The merging of traditional media with digital communication technologies, leading to new forms of content creation, distribution, and consumption.