The BEST example of a good that is excludable in consumption is:
A)a park.
B)an ocean.
C)a bicycle.
D)national defense.

Question

Quizplus · Accepted Answer

A bicycle is a physical item that can be owned and used by one person at a time, making it excludable in consumption. A park and an ocean are both non-excludable goods as they can be used and enjoyed by multiple individuals without depriving others of their use. National defense is also non-excludable as it is provided to all citizens regardless of their willingness or ability to pay for it.

The BEST Example of a Good That Is Excludable in Consumption