Question

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

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

Answer 1

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)

Answer 2

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.