Nonexcludable and Nonrival Goods Are Known as

question 1

Multiple Choice

Nonexcludable and nonrival goods are known as

• A) Public goods.
• B) Private goods.
• C) Efficient goods. .
• D) Those which are the last to be purchased.
• E) There is no such thing as goods which are both Nonexcludable and nonrival.

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Definitions:

Position

In finance, a position refers to the amount of a particular asset or security that is owned by an individual or entity.

Futures Contract

A contractual arrangement to purchase or sell a specific financial instrument or commodity at a set price on a future date.

Basis

The difference between the spot price of an asset and its future price, or the cost basis of an investment.

Futures Price

The agreed price for the future delivery of assets in a futures contract.