If the Owner of a Type of Technology Is Able

question 129

Multiple Choice

If the owner of a type of technology is able to successfully preclude others from using the good, this type of technology could be classified as a(n)

• A)nonexcludable good.
• B)excludable good.
• C)rival good.
• D)normal good.
• E)nontradable good.

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Definitions:

Capitalized Cost

The total of all costs incurred to acquire an asset and prepare it for its intended use, often including the purchase price and costs of installation.

Freight

The transport of goods and cargo by land, air, or sea, often involving the payment of a fee for such service.

Pavement Assessment

The process of evaluating the condition and performance of road surfaces to determine repair and maintenance needs.

Construction Period Interest

This is the interest accrued on funds borrowed to finance the construction of a property and is typically capitalized into the cost of the asset until it is ready for its intended use.