Excludability is the property of a good whereby
A) one person's use diminishes other peoples' use.
B) a person can be prevented from using it.
C) a good is private, not public.
D) a good is public, not private.

Question

Quizplus · Accepted Answer

Excludability refers to the ability to prevent someone from using a good. In other words, it is possible to exclude someone from using the good. Choice A describes rivalry, which is the property of a good where one person's use diminishes other peoples' use. Choices C and D refer to the classification of goods as either private or public, which is a separate concept from excludability.

Excludability Is the Property of a Good Whereby