Toby Needs a High-Quality Graphic for a Background to His

question 22

Multiple Choice

Toby needs a high-quality graphic for a background to his new website.Where can he get one legally?

• A) Facebook
• B) Microsoft
• C) Shutterstock
• D) Instagram

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Definitions:

Nonexcludability

A characteristic of public goods where it is not feasible to exclude individuals from using the good or benefiting from it.

Nonrivalry

A characteristic of certain goods where one person's consumption does not reduce availability to others, often associated with public goods.

Negative Externalities

Costs suffered by a third party as a result of an economic transaction which the parties directly involved in the transaction do not fully account for.

Public Good

A product that one individual can consume without reducing its availability to another individual and from which no one is excluded.