A Good Example of a Product That Is Both Non-Excludable

question 108

Multiple Choice

A good example of a product that is both non-excludable and non-rivalrous is

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

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Definitions:

Employment

The condition of having paid work, involving an agreement where someone is paid to perform specific duties.

Output Effect

The change in output quantity that results from a variation in price, affecting producers' supply levels and market equilibrium.

Complementary Resources

Resources that enhance the value or utility of another resource when used together.

Employment of Labor

The engagement and utilization of human labor force in the production process, encompassing hiring practices, workforce management, and employment policies.