Which of the following would be best classified as a private good?
A) A missile defense system
B) Police force
C) Radio frequency
D) Clothing

Name: Which of the following would be best classified as a private good? A) A missile defense system B) Police force C) Radio frequency D) Clothing
Brand: Quizplus
Rating: 4.8 (30 reviews)

Question

Quizplus · Accepted Answer

Clothing has two characteristics of a private good - it is excludable (only those who purchase it can use it) and rival (one person's use of it decreases the availability for others).

Which of the Following Would Be Best Classified as a Private