A Pure Private Good Has Two Characteristics: Rivalry and Excludability

question 115

True/False

A pure private good has two characteristics: rivalry and excludability.Rivalry suggests that a private market,rather than the public sector,should produce the good,and excludability suggests a private market will provide it.

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Definitions:

Work Environment

The physical and social conditions of a workplace that affect the well-being and productivity of employees, including office layout, culture, and policies.

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature that can affect a person’s employment, interfere with work performance, or create a hostile work environment.

Hostile Work Environment

A workplace where the behavior of a coworker or superior creates an intimidating, hostile, or offensive atmosphere.

Dirty Jokes

Humor that involves vulgar language, sexual content, or themes considered inappropriate for polite company.