If No One Can Be Excluded from Receiving the Benefits

question 125

Multiple Choice

If no one can be excluded from receiving the benefits of a good or service and the consumption of the good or service does not decrease the amount available to someone else from consuming it,then the good

• A) is a private good.
• B) is a common resource.
• C) is a public good.
• D) is a natural monopoly.
• E) Both answers B and C are correct.

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Definitions:

Practice Observations

The act of repeatedly watching or noting details in a specific area or skill to improve understanding or proficiency.

Functionalists

Scholars or theorists who focus on the function or purpose of society and its institutions, often within the fields of sociology and psychology.

Behavior

The actions or reactions of an individual, group, or system in response to external or internal stimuli.

Organism Adapt

The process by which an organism changes over time in response to its environment to improve its survival and reproduction chances.