One Important Feature That Distinguishes a Public Good from a Private

question 17

Multiple Choice

One important feature that distinguishes a public good from a private good is that

• A) only the government can produce public goods.
• B) it is impossible to prevent a person from enjoying the benefits from a public good.
• C) if you pay for a unit of a public good, you are guaranteed to be the sole consumer.
• D) if you consume a unit of a public good, there is one unit less for someone else.
• E) Both answers C and D are correct.

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Definitions:

Life

The condition that distinguishes organisms from inorganic objects and dead entities, characterized by growth, reproduction, functional activity, and continual change preceding death.

Intellectual Capability

Refers to the mental capacity and cognitive abilities that enable understanding, problem-solving, and decision-making.

Learn

The process of acquiring new understanding, knowledge, behaviors, skills, values, or preferences through study, experience, or teaching.

Persistent Pattern

A persistent pattern refers to a consistent and repetitive sequence of behaviors, thoughts, or emotions that remain stable over time.