A Good That Is Both Rival and Exclusive Is Called

question 24

Multiple Choice

A good that is both rival and exclusive is called a(n) _____

• A)private good.
• B)public good.
• C)quasi-private good.
• D)external good.
• E)open-access good.

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Definitions:

Axiological

Relating to the branch of philosophy dealing with values, including those in ethics and aesthetics, as it pertains to research.

Creswell and Plano Clark

Authors known for their work on research methodologies, particularly in mixed methods research.

Qualitative

Pertaining to research or data that is descriptive in nature and concerned with phenomena that are not easily reduced to numbers or quantified.

Quantitative

Refers to research methods that focus on numerical data and statistical analysis to understand patterns, relationships, or effects.