Food is an example of a ________ good.
A) nonrival and nonexcludable
B) rival and excludable
C) nonrival and excludable
D) rival and nonexcludable

Question

Quizplus · Accepted Answer

Rival goods are those that can only be consumed by one person at a time, and excludable goods are those that can be prevented from being consumed by others. Food is a rival good because it can only be eaten by one person at a time, and it is an excludable good because people can be prevented from eating it if they do not pay for it.

Food Is an Example of a ________ Good