A Good Which Is Nonrival and Nonexcludable Is

question 8

Multiple Choice

A good which is nonrival and nonexcludable is

• A) a public good.
• B) a private good.
• C) a social good.
• D) an externality.

---

Definitions:

Common Stock

A type of security that represents ownership in a corporation, granting holders voting rights and a share in the company's profits via dividends.

Accounting Record

Documented evidence of financial transactions, used to track, report, and audit financial movements.

Short-term Speculation

The practice of buying and selling securities, commodities, or other financial instruments with the aim of profiting from price fluctuations over a short period.

Purchase

This term relates to the process of acquiring goods or services in exchange for money, encompassing a wide range of consumer and business transactions.