Determine the Place Value of the Digit 2 in the Number

question 18

Multiple Choice

Determine the place value of the digit 2 in the number 2,806,371.

• A)thousands
• B)hundred thousands
• C)ten thousands
• D)millions

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Definitions:

Not Excludable

A characteristic of a good or service that does not allow producers to prevent its use by non-paying consumers, often leading to market failure.

Free Riders

Individuals who benefit from resources, goods, or services without paying for them, often leading to under-provision or depletion of those resources.

Club Goods

Items that are non-rivalrous but excludable, meaning that one person's use does not reduce availability to others but access can be restricted, typically through a membership fee.

Private Goods

Private goods are products that are excludable and rival in consumption, meaning their use is limited to paying customers and one person's consumption prevents another's.