Which of the Following Statements Is True

question 91

Multiple Choice

Which of the following statements is true?

• A)If a good is nonrivalrous in consumption then it is nonexcludable, too.
• B)A good can be rivalrous in consumption but not nonexcludable, too.
• C)An apple is nonrivalrous in consumption.
• D)Many economists maintain that the market fails to produce nonexcludable private goods.
• E)none of the above

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Definitions:

Social Problems

Issues that adversely affect an individual's or group's well-being within a society, often requiring collective action for resolution.

Demographic Transition

A model describing the transition from high birth and death rates to lower birth and death rates as a country or region develops from a pre-industrial to an industrialized economic system.

Industrialized

Characterized by the development and growth of industries on a wide scale, often associated with technological innovation and mass production.

Germ Theory

The scientific theory that diseases are caused by the presence and actions of specific microorganisms.