An Important Difference Between the Demand for a Private Good

question 144

Multiple Choice

An important difference between the demand for a private good and the demand for a public good is that

• A)individuals reveal their preferences for a public good but they do not have to reveal their preferences a private good.
• B)the resources used to provide public goods are common resources or government owned; the resources used to produce private goods are all privately owned.
• C)individuals reveal their preferences for a private good but they do not have to reveal their preferences for a public good.
• D)the demand for a private good produces consumption externalities; the demand for a public good produces production externalities.

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Definitions:

Vaginismus

The irregular and involuntary contraction of the muscles around the outer third of the vagina when sexual intercourse is attempted.

Pelvic Physical Examination

A medical examination of the female pelvic organs and structures including the uterus, cervix, vagina, fallopian tubes, and ovaries.

Speculums

Instruments designed to hold open a body cavity or orifice for examination or surgical procedures, commonly used in gynecological exams and ear inspections.

Postmenopausal Woman

A woman who has gone through menopause, the phase marking the end of her menstrual cycles for at least 12 consecutive months.