Public Goods Are Distinguished by Two Primary Characteristics

question 16

Multiple Choice

Public goods are distinguished by two primary characteristics.What are they?

• A)nonrivalry and nonexcludability
• B)government intervention and low prices
• C)market failure and high prices
• D)rivalry and exclusivity

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Definitions:

Binary Decision

A binary decision is a choice between two alternatives, often represented in computing and mathematical logic as 1 or 0, true or false.

Variable

Each input and output item the program manipulates.

Apple

An American multinational technology company known for its consumer electronics, software, and online services.

Special Symbols

Characters used in computing that are not letters or numerals, including punctuation marks, mathematical symbols, and graphical symbols.