An Example of a Good That Is Both Rival and Excludable

question 195

Multiple Choice

An example of a good that is both rival and excludable is

• A) the defense services provided by a new stealth bomber.
• B) a pair of pants.
• C) a beautiful sunset.
• D) an uncrowded theme park such as Walt Disney World.

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Definitions:

Form 941

A tax form filed by employers in the United States to report withholding taxes, Social Security, and Medicare taxes.

Social Security

A government program that provides financial assistance to people with an inadequate or no income.

Medicare Taxes

Federal taxes collected from earnings to fund the Medicare program, which provides healthcare benefits to senior citizens.

Medicare Withholding

A portion of an employee's wages that is deducted and sent to the government to contribute to the Medicare program.