Which of the Following Is the Best Example of a Private

question 22

Multiple Choice

Which of the following is the best example of a private good?

• A) a can of Diet Pepsi
• B) a missile defense system
• C) a library in St. Louis
• D) a sidewalk in Fargo
• E) a cod fish swimming in the middle of the ocean

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Definitions:

Persuasion

The act or process of influencing someone's beliefs, attitudes, or behaviors through communication, argument, or appeal.

Attraction

The interest, desire, or force that draws people together, which can be based on physical appearance, personality, or a range of other factors.

Social Contagion

The phenomenon by which attitudes, behaviors, and emotions spread through networks of individuals, leading to shared social phenomena or psychological states.

Egoism

A theory in ethics that treats self-interest as the foundation of morality.