A Good for Which It Is Impossible or at Least

question 155

Multiple Choice

A good for which it is impossible or at least very costly to exclude nonpaying customers from receiving the good and for which many individuals can share in the consumption of the same unit of the good is called a

• A) public good.
• B) joint good.
• C) excludable good.
• D) national good.

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Definitions:

Sentence

A set of words that is complete in itself, typically containing a subject and predicate, conveying a statement, question, exclamation, or command.

Interpret

To explain the meaning of information, words, or actions, often involving a subjective understanding.

Ambiguity

The quality of being open to more than one interpretation; the lack of definitiveness or clarity in meaning or intention.

Baseball Bat

A piece of sporting equipment used in baseball to hit the ball after it is thrown by the pitcher.