Hoa owns 40 acres of land. Hoa sells the land to a real estate developer who builds a subdivision with 20 houses. The land is an example of a good that is
A) both rival in consumption and excludable.
B) neither rival in consumption nor excludable.
C) excludable, but not rival in consumption.
D) rival in consumption, but not excludable.
Correct Answer:
Verified
Q113: Table 11-3 Q114: A state-owned bridge is Q115: Table 11-3 Q116: For private goods allocated in markets, Q117: When a good is rival in consumption, Q119: A television broadcast is an example of Q120: Both public goods and common resources are Q121: If a highway is congested, then use Q122: Because of the free-rider problem, Q123: Which of the following goods is rival
A)always a public good,
A)prices guide
A)one
A)rival
A)private markets tend
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