A Nonexcludable Good Is

question 69

Multiple Choice

A nonexcludable good is:

• A)an essential good.
• B)one whose opportunity cost of production is zero.
• C)one which any individual can consume.
• D)a public good.

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Definitions:

Falling Death Rates

The decline in the number of deaths per unit of population over a period of time, often indicating improvements in health and living conditions.

Total Fertility Rate

The average number of children a woman would have over her lifetime, given current birth rates.

Population Constant

A hypothetical situation where the population size remains unchanged over a period of time.

Living Standard

The level of wealth, comfort, material goods, and necessities available to a person, community, or country.