Computer Software Is an Example of a Good That Is

question 61

Multiple Choice

Computer software is an example of a good that is

• A) both nonexcludable and nonrivalrous.
• B) nonexcludable,but not nonrivalrous.
• C) nonrivalrous,but not nonexcludable.
• D) a pure private good.

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Definitions:

Property Damage

Physical damage to, or destruction of, tangible property, often resulting in financial loss.

Antilapse Clause

In an insurance policy, a clause which states that the insured has a grace period in which to make an overdue payment.

Appraisal

An expert estimation of the value of property, typically real estate, art, or jewelry, often for the purpose of taxation, sale, or insurance.

Arbitration Clauses

Arbitration clauses are provisions in a contract that require the parties to resolve disputes through arbitration rather than through litigation in court.