A(n)_____ Is Excludable and Rival in Consumption

question 181

Multiple Choice

A(n) _____ is excludable and rival in consumption.

• A)private good
• B)artificially scarce good
• C)public good
• D)common resource

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Definitions:

Hierarchy

A structure or entity where participants or factions are arranged in sequential order of superiority or command.

Basic Hierarchy

A foundational arrangement or system where entities are ranked or ordered one above the other according to some criterion or authority.

Self-actualization

The act of achieving one's full potential and talents, recognized as an innate motivation or requirement in every individual.

Hierarchy

An arrangement or institution where individuals or sectors are hierarchically positioned above each other based on their level of power or prestige.