A Good Is Said to Be Non- Rivalrous If

question 85

Multiple Choice

A good is said to be non- rivalrous if:

• A)its consumption does not affect the amount available to others.
• B)its production imposes only indirect effects on other economic agents.
• C)no externalities are associated with its production or consumption.
• D)net benefits to consumers outweigh the opportunity costs of those excluded.

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Definitions:

Leadership Style

The approach and behavior a leader adopts in guiding, motivating, and managing followers, which can vary widely from one leader to another.

Communication

The process of sharing information, ideas, or feelings between individuals or groups, typically aimed at achieving mutual understanding.

Achieving Goals

The process of setting targets and taking the necessary actions to accomplish the desired outcomes.

Social Needs

Basic human motivations that include the need for belonging, love, and affection as part of Maslow's hierarchy of needs.