A Private Good Is

question 27

Multiple Choice

A private good is

• A) nonrival in consumption.
• B) subject to free rider problems.
• C) not subject to exclusion.
• D) subject to exclusion.

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Definitions:

Strong Situation

A situation that elicits similar behaviors from most people, minimizing individual differences in response.

Court Hearing

A session held before a judge or magistrate in which the legal issues or facts of a case are presented and determined.

Psychodynamic Theory

A psychological perspective that emphasizes the systematic study of the psychological forces underlying human behavior, feelings, and emotions and how they might relate to early experiences.

Unconscious Psychological Forces

Mental processes that are not within an individual's conscious awareness but that influence emotions, behaviors, and thoughts.