Which of These Goods May Be Considered Rivalrous in Consumption

question 128

Multiple Choice

Which of these goods may be considered rivalrous in consumption and nonexcludable?

• A)wilderness areas
• B)national defense
• C)broadcast television reception
• D)fire insurance

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Definitions:

Skill Obsolescence

The phenomena where skills become outdated or irrelevant due to technological advancement or changes in the industry.

New Technology

The introduction and application of innovative or advanced tools, equipment, or methodologies in a particular field or operation.

Fundamental Values

Core beliefs or principles that are considered inherently important and serve as the foundation for behavior, decision-making, and the evaluation of actions.

Employee Benefits

Additional perks or compensations provided to employees aside from their regular salaries, such as health insurance, retirement plans, and paid time off.