A Nonexcludable Public Good Is Characterized by Nonrivalry in

question 2

Multiple Choice

A nonexcludable public good is characterized by nonrivalry in

• A)production and nonexcludability.
• B)consumption and rivalry in production.
• C)consumption and excludability.
• D)consumption and nonexcludability.

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Definitions:

Bit

The smallest unit of data in computing, representing a single binary value of 0 or 1.

Relational Database

A type of database that stores and provides access to data points that are related to one another.

Microsoft Access

A database management system from Microsoft that combines the relational Microsoft Jet Database Engine with a graphical user interface and software-development tools.

Records

Documents or files that preserve information or data for future reference, legal compliance, or historical purposes.