Table: Example GoodsA WatermelonA LighthouseSmog ReductionOnline Video GamesCable Internet ServiceNational DefenseA Private BeachA Public BeachA PencilSoup Kitchen MealsA ChairToll HighwaysPublic RoadsReference: Ref 18-2(Table: Example Goods) Refer to the table. Which of thefollowing contains only nonexcludable, nonrival goods fromthe table?

Question

Quizplus · Accepted Answer

Nonexcludable goods are those that people cannot be excluded from using, regardless of whether or not they pay for them. Nonrival goods are those that can be used by multiple people at the same time without interfering with each other's use. Only national defense, a lighthouse, and smog reduction meet both of these criteria and are therefore the only goods that are both nonexcludable and nonrival in the table.