A Good Which Is Nonrival and Nonexcludable Is

question 8

Multiple Choice

A good which is nonrival and nonexcludable is

• A) a public good.
• B) a private good.
• C) a social good.
• D) an externality.

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Definitions:

Memory Span

The amount of information an individual can retain and recall in short order, typically measured in terms of the number of items, like numbers or words.

Knowledge Base

A knowledge base is a centralized repository of information, including facts, documentation, and data, used to support decision-making, problem-solving, and information retrieval processes.

Memory Capacity

The amount of information that can be held in the memory system at one time, including short-term and long-term storage capabilities.

Memory Span

is the amount of information or number of items that can be held in short-term memory at one time.