A good or resource is excludable if
A) only the government can produce them.
B) nobody can be excluded from enjoying the benefits of the good or resource.
C) when you pay for the good or resource, you are guaranteed to be the sole consumer.
D) when you consume a unit, that means there is one less for someone else.
E) it is a common resource.

Question

Quizplus · Accepted Answer

Excludability refers to the ability to prevent individuals who have not paid for a good or resource from consuming it. Choice C accurately describes this concept, as it implies that access to the good or resource is restricted to those who pay, thereby excluding non-payers.

A Good or Resource Is Excludable If