An office in the Empire State Building is
A) a private good.
B) nonexcludable, because it is possible to restrict access to it.
C) a common resource.
D) a public good because many people can be in the Empire State Building.
E) excludable and nonrival.
Correct Answer:
Verified
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)
Q16: A good is nonrival if
A) only the
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
Q22: A public good is _ and _.
A)
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