A Small Public Park in a Large Town with Many

question 84

Multiple Choice

A small public park in a large town with many other parks often has very few visitors because of its size.There is no fee to enter the park, but few people visit it, since other parks have more amenities.This park is:

• A)both rival in consumption and excludable.
• B)nonrival in consumption and excludable.
• C)both nonrival in consumption and nonexcludable.
• D)rival in consumption and nonexcludable.

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Definitions:

Financial Risk

The possibility of losing money on an investment or business venture due to financial market fluctuations, interest rate changes, or bad management decisions.