The Principle Feature of Private Goods Is That

question 1

Multiple Choice

The principle feature of private goods is that

• A)they cannot be rented or purchased.
• B)consumption by one person reduces the quantity available to others.
• C)externalities associated with their production are always negative.
• D)no one can be excluded from consumption of the product.

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Definitions:

Supportive Partners

Individuals in a relationship who provide emotional, physical, and/or psychological assistance to each other.

Low-birth Weight Babies

Infants born with a weight of less than 2,500 grams (5.5 pounds), often associated with higher risks of early health problems and developmental challenges.

Cephalocaudal Pattern

A principle of development where growth starts at the head and progresses downwards towards the feet.

Development

The process of change and growth in physical, cognitive, and social aspects of a human over their lifespan.