The Principal Feature of Private Goods Is That

question 52

Multiple Choice

The principal 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) no one can be excluded from consumption of the product.
• D) externality problems associated with their production are always negative.

---

Definitions:

False Pretenses

Obtaining property or money from another person through fraudulent representations or lies.

Insider Trading

Insider trading involves buying or selling a publicly-traded company's stock by someone who has non-public, material information about that stock.

Tipped Information

Insider information that is passed from one person to another, which can be illegal in financial markets.

Larceny

The criminal act of taking someone else's property without permission with the intent to permanently deprive them of it.