Economists consider a product such as a university education to be ,whereas a product such as your local library is generally considered to be _.

Question

Quizplus · Accepted Answer

A university education is rivalrous and excludable because it can be limited to those who pay and can become crowded. A local library is non-rivalrous and excludable because it can be accessed by many without reducing availability, but access can be restricted.

Economists Consider a Product Such as a University Education to Be