A Good Is Nonexcludable If It Is

question 177

Multiple Choice

A good is nonexcludable if it is:

• A) easy to prevent people from using the good at low cost.
• B) easy to make people use the good at low cost.
• C) difficult to prevent people from using the good at low cost.
• D) difficult to make people use the good at low cost.

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Definitions:

Apprenticeship

A form of education in which a young person learns a craft or skill by spending an extended period of time working for an adult master.

Formal Education

The most structured type of explicit education, through which adults instruct the young in the specialized knowledge and skills of their culture.

Specialized Knowledge

Expertise or skills in a specific, narrowly defined field or area of study.

Socialization

The process by which individuals learn and internalize the values, beliefs, and norms of their society or cultural group, forming their identity and societal roles.