Which of the Following Pairs of Goods Includes a Good

question 144

Multiple Choice

Which of the following pairs of goods includes a good that is excludable and rival in consumption as well as a good that is not excludable and not rival in consumption?

• A)Tablet computer, membership at a gym that always has plenty of open equipment and classes
• B)Tablet computer, national defense
• C)Congested nontoll road, national defense
• D)Online music subscription, streetlight

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Definitions:

Code of Ethics

A set of principles and standards that guide the behavior of an individual or organization in a professional context.

Ethical Dilemma

A situation where a difficult choice has to be made between two or more conflicting moral principles.

Judgments

Assessments or opinions formed about something, not necessarily based on fact or knowledge.

Indisputable Facts

Information or statements that are accepted as true and cannot be argued against or disputed.