A nonprofit volunteer is buying groceries for a poor family at a commercial store. The volunteer is buying ______ goods.

Question

Quizplus · Accepted Answer

Private goods are those that are excludable and rival in consumption, meaning they can be owned and consumed by one individual or group without others being able to access them. Groceries purchased at a commercial store for a specific poor family would be considered private goods because they are being exclusively purchased and consumed by that family. Public goods are non-excludable and non-rival (such as national defense or clean air), so they do not apply in this situation. External goods are not a recognized category of goods. Common goods are rival in consumption but not excludable, so they also do not apply in this situation.

A Nonprofit Volunteer Is Buying Groceries for a Poor Family