Which of the Following Terms Refers to the Situation Where

question 56

Multiple Choice

Which of the following terms refers to the situation where one person's consumption doesn't reduce the amount available for others?

• A)Non-consumption.
• B)Non-excludable.
• C)Non-rival.
• D)Externalities.

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Definitions:

Interest Rates

The percentage at which interest is paid by borrowers for the use of money that they borrow from lenders.

Public Policy

The principles, often unwritten, on which social laws are based, or the set of policies (laws, plans, actions, behaviors) that governments adopt or enforce to address public issues.

Sanction

Sanction is an action taken by a country or international body to enforce compliance with laws or regulations, often involving trade restrictions or the imposition of penalties.

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s.