A good is nonrival if
A) only the government can produce it.
B) nobody can be excluded from enjoying the benefits of the good.
C) when you pay for the good, you are guaranteed to be the sole consumer.
D) when you consume a unit, you have not decreased the amount left for consumption by other people.
E) anybody can be excluded from enjoying the benefits of the good.
Correct Answer:
Verified
Q11: A good that is _ and _
Q12: A good is rival if
A) it has
Q13: Which of the following is an example
Q14: A good that is both rival and
Q15: A good or resource is excludable if
A)
Q17: An office in the Empire State Building
Q18: One important feature that distinguishes a private
Q19: A good is a private good if
A)
Q20: A private good is
A) nonexcludable and nonrival.
B)
Q21: If no one can be excluded from
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