Reggie Owns 3 Acres of Beautiful Wooded Land

question 97

Multiple Choice

Reggie owns 3 acres of beautiful wooded land.When Reggie decides to move to be closer to his grandchildren,he donates the land to the state with the understanding that the land will be used as a state park.This state park is large enough that it is not congested.It is an example of a good that is

• A) both rival in consumption and excludable.
• B) neither rival in consumption nor excludable.
• C) nonrival in consumption and excludable.
• D) rival in consumption and nonexcludable.

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Definitions:

Accepting

The act of receiving or consenting to something offered.

Diversity

Incorporating individuals of various national origins, ethnicities, faiths, economic classes, and sexual orientations.

Communication Process

The sequence of steps through which information is transmitted and received between senders and receivers.

Planning Phase

The initial stage in a project or process where objectives are defined, resources are allocated, and strategies are developed.