An Artificially Scarce Good Is a Good or Service for Which

question 191

Multiple Choice

An artificially scarce good is a good or service for which exclusion is:

• A)possible and is rival in consumption.
• B)possible and is nonrival in consumption.
• C)not possible and is rival in consumption.
• D)not possible and is nonrival in consumption.

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Definitions:

Slaves

Individuals forced into servitude, deprived of personal freedom and compelled to perform labor or services against their will under the threat of punishment.

1700 and 1780

Reference to a period marked by significant changes, including the growth of European colonial empires and the beginnings of the Industrial Revolution.

European Traders

Refers to merchants from Europe engaged in international trade, notably active in the trade of goods, slaves, and commodities during the colonial period.

African Slaves

People from the African continent forcibly taken and transported to other parts of the world primarily for free labor through the transatlantic slave trade.