Which of the Following Goods Is Both Excludable and Rival

question 289

Multiple Choice

Which of the following goods is both excludable and rival in consumption?

• A)a wristwatch
• B)fire protection in a small town
• C)fish in the ocean
• D)efforts to fight poverty

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Definitions:

Continuous Improvement

An ongoing effort to improve products, services, or processes by making incremental enhancements over time.

Kaizen

A Japanese term meaning "continuous improvement," it's a business philosophy focusing on the ongoing improvement of processes in manufacturing, engineering, and business management.

Keiretsu

A network of interlinked Japanese companies, often bound by cross-shareholdings, collaborating closely for mutual benefit.

Kanban

A scheduling system for lean manufacturing and just-in-time manufacturing that signals the need to move materials within a production facility or to move materials from an outside supplier into the production facility.