Most goods are:
A)rival in consumption.
B)exclusive.
C)public goods.
D)None of these statements is true.

Question

Quizplus · Accepted Answer

Most goods are rival in consumption, meaning that the consumption of one person reduces the amount available for others to consume. This is in contrast to public goods which have non-rivalry in consumption, meaning that consumption by one person does not reduce the amount available for others. Exclusive goods are those that can be possessed by one person at a time (such as a piece of jewelry), which is not a characteristic of most goods.

Most Goods Are