A Good Is Considered Nonrival-In-Consumption If

question 143

Multiple Choice

A good is considered nonrival-in-consumption if

• A) many individuals can share in the consumption of the same unit of the good.
• B) the consumption of the good by one individual lowers the amount available for others.
• C) even nonpaying customers can receive the full benefit from the good.
• D) its production is financed through tax revenue rather than market prices.

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Definitions:

Chronically

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Americans

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The cumulative effect of not getting enough sleep, which can negatively affect cognitive and physical performance.

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A unit of time equal to sixty seconds, often used to measure the duration of time or chronicle events.