A good that is nonexcludable but rival in consumption is a _____ good.
A)common resource
B)private
C)public
D)normal

Question

Quizplus · Accepted Answer

A good that is nonexcludable means that it is difficult or impossible to prevent anyone from using it, while a rival good in consumption means that its consumption by one person reduces its availability to others. Common resources, such as fishing grounds or forests, are examples of goods that fit this description. Private goods are both excludable and rival (e.g. clothes), public goods are nonexcludable and nonrival (e.g. national defense), and normal goods are a type of good that people buy more of as their income increases.

A Good That Is Nonexcludable but Rival in Consumption Is