Radio Programs Broadcast Over Airwaves Are an Example of a Good

question 21

Multiple Choice

Radio programs broadcast over airwaves are an example of a good that is

• A) only nonrival.
• B) only nonexcludable.
• C) neither nonrival nor nonexcludable.
• D) both nonrival and nonexcludable.
• E) private.

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Definitions:

Limited Warranty

A warranty that restricts the conditions under which a product can be returned, repaired, or replaced.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, intended to harmonize the law of sales and other commercial dealings across states.

Consumer Goods

Products that are bought and used by individuals for personal consumption, as opposed to industrial or commercial use.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, designed to harmonize the law of sales and other commercial dealings across states.