A Good Is a Nonexcludable If

question 85

Multiple Choice

A good is a nonexcludable if

• A)its consumption by one person does not reduce its consumption by others.
• B)it is impossible to prevent people from obtaining the benefits of the good once it has been produced.
• C)no negative externalities are associated with its production and consumption.
• D)it is free in the first place; that is, it is so abundant that people can get all they want at zero price.

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Definitions:

Doubled

Increased by 100 percent; made twice as large or numerous.

Quadrupled

Quadrupled in amount or worth.

Trade Deficit

A situation that occurs when a country imports more goods and services than it exports, resulting in a negative balance of trade.

Billions

A numerical value equal to one thousand million (1,000,000,000) in the short scale used by most English-speaking countries.