A Free Good Is Different from a Scarce Good Because

question 73

Multiple Choice

A free good is different from a scarce good because it is:

• A) not tradable.
• B) not produced.
• C) not scarce.
• D) found only in nature.

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Definitions:

Tanker Accidents

Incidents involving large vessels that transport liquids, leading to potential environmental and safety hazards.

Offshore Drilling

The activity of drilling wells at sea to explore for and extract petroleum that lies beneath the ocean floor.

Ocean Debris

Human-made and natural waste materials that have ended up in the ocean, causing environmental and navigational hazards.

Zooplankton

Zooplankton are small floating or weakly swimming animals that drift in aquatic environments, serving as a crucial component of the aquatic food web.