Which of the Following Statements Is Not Correct

question 71

Multiple Choice

Which of the following statements is not correct?

• A)Common resources are rival in consumption but are not excludable.
• B)Uncongested toll roads are examples of club goods.
• C)When African elephants were privatized, the survival of the species deteriorated.
• D)National defense is not rival in consumption, nor is it excludable.

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Definitions:

Fiat Money

Money that is recognized as legal tender by a government, though it lacks backing by any tangible asset.

Fundamental

A basic, underlying factor or principle that is essential to the structure or function of a system or market.

Comparable Stocks

Stocks from companies within the same industry or sector, allowing investors to compare performance.

Purchasing Power

The value of a currency expressed by the quantity of goods or services that one unit of money can buy.