Which One of the Following Goods Is Nonexcludable

question 27

Multiple Choice

Which one of the following goods is nonexcludable?

• A)a taxi
• B)a toll bridge
• C)the atmosphere
• D)an art museum
• E)all of the above

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Definitions:

Province

A principal administrative division of certain countries or territories.

Good

A material item or service that can be bought, sold, or traded to satisfy a want or need.

Opportunity Cost

The value of the next best alternative forgone as the result of making a decision.

Optimum

The most favorable condition or level at which the best possible outcome or maximum efficiency is achieved.