A Good That Is Nonrival and Excludable Is a

question 32

Multiple Choice

A good that is nonrival and excludable is a

• A)private good.
• B)public good.
• C)government good.
• D)natural monopoly.
• E)common resource.

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Definitions:

Traditional Societies

Societies that closely adhere to long-established cultural practices, norms, and values.

Shared Traditions

Cultural practices and beliefs that are common to a particular group or society and passed down through generations.

White Supremacy

An ideology or belief system that holds white people as superior to people of other racial backgrounds, often resulting in racial discrimination and prejudice.

Status Quo

Refers to the existing state of affairs or current conditions in any given situation.