A Nonexcludable Good Is One

question 129

Multiple Choice

A nonexcludable good is one

• A) for which the availability of the good does not depend on the number of consumers.
• B) that consumers can consume without paying for it.
• C) that consumers cannot remove from their budget.
• D) that consumers must pay for before they can consume it.
• E) of which consumption continues despite serious health risks,e.g. ,cigarettes.

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Definitions:

Appointed

A term referring to individuals who have been selected and assigned roles or positions, often within a governmental or organizational setting, without requiring an election or competitive selection process.

Elected

Refers to the process of choosing or selecting someone to hold a public office or some other position by voting.

Open-Market Operations

Purchases and sales of government securities by the Fed in an effort to influence the money supply.

Government Securities

Government securities are financial instruments issued by a government to raise funds from investors, promising to pay back the borrowed amount with interest, including bonds, treasury bills, and notes.