Nonexcludability Is a Feature of

question 205

Multiple Choice

Nonexcludability is a feature of

• A) goods but not services.
• B) all nonrival goods.
• C) goods with an external cost.
• D) public goods.

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Definitions:

Par Value

The face value of a security as stated by the issuing company, which may or may not reflect its market value.

Stockholders' Equity

The residual interest in the assets of a corporation that remains after deducting its liabilities.

Book Value Per Share

The equity available to common shareholders divided by the number of outstanding shares.

Dividends

Payments made by a corporation to its shareholder members, representing a portion of the corporate profits distributed among shareholders.