Which of the Following Is an Example of a Good

question 29

Multiple Choice

Which of the following is an example of a good that is excludable and nonrivalrous?

• A) A fishery.
• B) Cable television.
• C) Over the air television broadcasts.
• D) Disney World.

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Definitions:

Sale of Goods Act

Legislation governing the sale of goods, ensuring rights and obligations of buyers and sellers, including product quality and ownership transfer.

Unpaid Seller's Lien

A right granted to sellers allowing them to retain possession of property until they receive full payment, typically used in transactions involving goods.

Conditions and Warranties

Terms specified in a contract that are deemed essential (conditions) and those seen as additional promises (warranties).

Bought by Sample

Bought by Sample means purchasing goods based on a sample shown, implying that the bulk purchase should match the quality and characteristics of the sample.