Classifying a Good as Excludable Means

question 64

Multiple Choice

Classifying a good as excludable means

• A)that someone can be barred from consuming the good based on race, creed, or some other irrelevant characteristic.
• B)that anyone who does not pay for the good cannot consume it.
• C)that consumption of the good causes no externalities.
• D)that a producer with patent or copyright protection can exclude any other producer from selling his product.

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Definitions:

Mitered Corner

A technique used in sewing and carpentry to neatly join two pieces at an angle, often 45 degrees, for a clean, finished look.

Alveolar Capillary Membrane

The thin barrier in the lungs where gas exchange occurs between the air in the alveoli and the blood in the capillaries.

Diffusion

Movement of molecules from an area of high concentration to one of lower concentration.

Ventilation

Respiratory process by which gases are moved into and out of the lungs.