Nonexcludability Describes a Condition Where

question 45

Multiple Choice

Nonexcludability describes a condition where

• A) one person's consumption of a good does not prevent consumption of the good by others.
• B) there is no effective way to keep people from using a good once it comes into being.
• C) sellers can withhold the benefits of a good from those unwilling to pay for it.
• D) there is no potential for free-riding behavior.

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Definitions:

Republicanism

A political ideology centered on citizenship in a state organized as a republic, emphasizing liberty, and the rule of law as opposed to hereditary monarchy.

Virtue

is a trait or quality deemed to be morally good and thus is valued as a foundation of good moral being. Personal virtues include traits such as integrity, courage, fortitude, honesty, and loyalty.

Political Process

The methods and actions taken to formulate and implement public policies or to elect individuals to government positions, involving participation by citizens, politicians, and institutions.

Revolutionary War

Also known as the American Revolution, it was the conflict between Great Britain and its thirteen colonies in North America from 1775 to 1783 that led to the colonies gaining independence.