When a Good Is Excludable

question 20

Multiple Choice

When a good is excludable,

• A)one person's use of the good diminishes another person's ability to use it.
• B)people can be prevented from using the good.
• C)no more than one person can use the good at the same time.
• D)everyone will be excluded from using the good.

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Definitions:

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s to respond to the Great Depression.

Liberalism

A political and moral philosophy based on liberty, consent of the governed, and equality before the law, emphasizing individual rights, democracy, and free markets.

Limited Government

A governing philosophy where governmental power is restricted by law, often in order to protect citizens' freedoms and rights.

Direct Relief Payments

Money given directly from the government to individuals or families in need, without intermediaries, often aimed at reducing poverty or providing emergency assistance.