A Good Example of a Product That Is Both Nonexcludable

question 87

Multiple Choice

A good example of a product that is both nonexcludable and nonrivalrous is

• A)natural gas.
• B)food.
• C)grazing land.
• D)public information.
• E)electricity.

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Definitions:

Confidentiality

The obligation not to share or disclose private information to unauthorized parties.

Breach

The violation or breaking of a law, duty, or agreement, which can give rise to legal action or consequences.

Client Confidentiality Rule

Legal and ethical obligation of professionals to keep information related to a client secret unless given permission to disclose.

Financial Condition

The status of an individual's or organization's financial health and stability, often assessed through analysis of assets, liabilities, income, and expenditures.