Which of These Goods May Be Considered Rivalrous in Consumption

question 128

Multiple Choice

Which of these goods may be considered rivalrous in consumption and nonexcludable?

• A)wilderness areas
• B)national defense
• C)broadcast television reception
• D)fire insurance

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Definitions:

Pro Forma Assets

Projected assets of a business, listed in a financial statement prepared in anticipation of future events or transactions.

Owner's Equity

The residual interest in the assets of an enterprise after deducting its liabilities, often referred to as net assets.

Long-Term Assets

Assets that are expected to provide economic value to a business for more than one year, such as property, plant, and equipment.

Economic Climate

The overall state of the economic environment, characterized by factors such as growth rates, unemployment, inflation, and consumer confidence.