Examlex
On a PV diagram, for a curve representing an isothermal compression of an ideal gas, what is the relationship between the initial P value and the final P value?
Free-ride
The act of benefiting from resources, goods, or services without paying for the cost of the benefit.
Rival
In economics, a good or service is considered rival if its consumption by one individual prevents simultaneous consumption by other individuals.
Excludable
Refers to a property of a good or service where it's possible to prevent people who have not paid for it from having access to it.
Efficient Quantity
The amount of a good or service that maximizes the net benefit to society.
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