A smartphone would be considered:
A)a common resource.
B)a private good.
C)a public good.
D)an artificially scarce good.

Name: A smartphone would be considered: A)a common resource. B)a private good. C)a public good. D)an artificially scarce good.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Smartphones are considered private goods because they are both excludable (you can prevent someone from using them if they do not pay) and rivalrous (one person's use of the smartphone diminishes the ability for another person to use it simultaneously).

A Smartphone Would Be Considered