When Consumption of a Good Is Nonrival and Nonexcludable, the Good

question 109

Multiple Choice

When consumption of a good is nonrival and nonexcludable, the good is a

• A) private good.
• B) service.
• C) mixed good.
• D) public good.

---

Definitions:

Ethnicity

A social category that groups people based on common cultural, ancestral, or national characteristics.

Identity

The way an individual or group views themselves and is perceived by others, encompassing personal, social, and cultural identities.

Familiar Culture

The common practices, beliefs, and values that are customary and recognizable within a particular group or society.

Moderate Adaptations

Adjustments made in moderation to accommodate or respond to changes or challenges.