Which of the Following Is Not a Characteristic of a Public

question 60

Multiple Choice

Which of the following is not a characteristic of a public good?

• A) It is nonexcludable.
• B) It is not diminished or depreciated as additional people consume the good.
• C) Its benefits cannot be withheld from anyone.
• D) Because it is a free good, there is no opportunity cost.

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Definitions:

NX

Represents net exports, which is the value of a country's total exports minus its total imports and is a component of a country's gross domestic product (GDP).

Trade Surplus

Trade Surplus occurs when the value of a country's exports exceeds the value of its imports.

Trade Deficit

A situation where a country's imports exceed its exports during a specific time period, indicating a net outflow of domestic currency to foreign markets.

Imports

The goods and services purchased from other countries.