A Private Good Is Defined as a Good or Service

question 170

Multiple Choice

A private good is defined as a good or service

• A) that is something tangible.
• B) that is rival and excludable.
• C) that is rival and nonexcludable.
• D) produced by a single country.
• E) that is nonrival and nonexcludable.

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Definitions:

Psychodynamic

A psychological theory or approach that emphasizes the interplay between unconscious drives and early life experiences in shaping personality and behavior.

Aversion Conditioning

A method of behavioral therapy that involves pairing an undesirable behavior with an unpleasant stimulus to reduce the frequency of the behavior.

Electric Shock

The sudden stimulation of nerves and muscles produced by an external electric current, potentially causing harm or discomfort.

Behavioral Contracting

A therapy technique involving the creation of a written agreement between two parties to reinforce or change specific behaviors.