A private good is excludable and rival in consumption.
<u>Option: C</u>
<u>Explanation:</u>
Public products are produced for the wellbeing of the people at no expense by the government or by design. Yet private goods are the ones which private firms produce and sell to generate a profit.
If nature or government offers public goods, it is the businessmen or entrepreneurs who create private goods. A good can be excluded if the manufacturer of that good can prevent people who do not pay from buying it. If it can not acquired at the similar time by more than one individual, an item is rival in consumption.
Via negativa hope this helps!
Answer:
Book 3
Explanation:
1,2 and 4 are all about specific cultures while 3 is about any culture.
Answer:
The Mandate of Heaven was created under the Zhou Dynasty. According to the Mandate of Heaven, China could only have one ruler at a time. The one ruler was considered to be the 'son of Heaven' and he was made the ruler with approval of Gods.
If a rule was not fair in his duties, then it was considered that God might have taken back His approval. Also, conditions like famine and natural disasters were considered that the Gods were unhappy with the ruler.
Answer:
The correct answer is D. creditor has a note receivable and the debtor has a note payable.
Explanation:
A note payable is a legal instrument by which the maker, also called the debtor, commits to pay a determined amount of money to the other party, the creditor, that has a note receivable, which is a written promise to receive the money from the issuer in the future.
