Which Type of Good Is Neither Rival in Consumption nor Excludable

question 63

Multiple Choice

Which type of good is neither rival in consumption nor excludable?

• A)Common resource
• B)Private
• C)Public
• D)Artificially scarce

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Definitions:

Net Benefit

The total positive impact or gain of a decision, action, or project after subtracting any associated costs.

Social Program

Government initiatives designed to provide support and improve living standards for its citizens, including welfare, healthcare, and education services.

Cost-Benefit Analysis

A systematic approach to evaluate the strengths and weaknesses of alternatives in order to determine the best option through balancing costs and benefits.

Crime-Control Program

Initiatives or strategies designed to reduce crime and improve public safety through various means, including law enforcement and community engagement.