Match the Following
Q-00003023
Match the following types of goods with their correct characteristics:
Goods
Characteristics
Private goods
Tap to select an option
Public goods
Tap to select an option
Common goods
Tap to select an option
Club goods
Tap to select an option
Answer and Solution
Answer
- A. Private goods -> Excludable and Rivalrous
- B. Public goods -> Non-excludable and Non-rivalrous
- C. Common goods -> Non-excludable and rivalrous
- D. Club goods -> Excludable and Rivalrous
Solution:
Here is the correct matching of goods with their characteristics: - Private goods : Excludable and Rivalrous - Public goods : Non-excludable and Non-rivalrous - Common goods : Non-excludable and Rivalrous - Club goods : Excludable and Non-rivalrous
Watch Video Solution