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:

Gonads

The primary reproductive organs that produce gametes (e.g., ovaries in females and testes in males) and sex hormones.

Adrenals

Glands located above the kidneys that produce hormones such as adrenaline and cortisol, which help control stress responses, blood pressure, and metabolism.

Circadian Rhythm

The natural, internal process that regulates the sleep-wake cycle and repeats roughly every 24 hours, affecting physical, mental, and behavioral changes.

Biorhythm

A hypothetical cycle of physical, emotional, or intellectual fluctuations believed to affect human behavior.