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A pastrami sandwich is an example of which kind of good?

a. common-resource good
b. public good
c. private good
d. club good

User Dearlbry
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2 Answers

6 votes

Answer:

Private Good

Step-by-step explanation:

A Pastrami sandwich is a private good because you can't get a pastrami sandwich without paying for it (excludability), and if one person consumes the sandwich it is no longer available for another person to consume (rival in consumption)

User Manveti
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1 vote

Answer:A pastrami sandwich is an example of private good. The correct option is C.

Step-by-step explanation:

In the study field of economics, goods are defined as tangible resources that can satisfy an individuals needs. It was further grouped into four according to two criteria:

-depending on whether people can be prevented from consuming them or

-whether individuals can consume them without affecting their availability to other individuals. Based on this two criteria, four groups of good includes:

-common-resource good

- public good

-private good and

-club good.

pastrami sandwich is an example of Private good as they are products that are owned by individuals after purchasing it and it prevents other people from consuming it.

User Nybon
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