Which of the following is an example of a private good?(1 point)

Responses

clothing
clothing

a clean environment
a clean environment

national defense
national defense

education

1 answer

The correct response is clothing.

Clothing is a private good because it is both rivalrous and excludable; one person's consumption of clothing prevents another from consuming the same item, and access to clothing can be restricted (i.e., you can keep others from using your clothing).

In contrast, a clean environment and national defense are examples of public goods, and education can vary but is often considered a mixed good, depending on how it's provided (public vs. private education).

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