Examlex

Solved

A Buyer Can Pay by Which of the Following Methods

question 20

Multiple Choice

A buyer can pay by which of the following methods?


Definitions:

Nonpayers

Individuals or entities that do not contribute payments towards a service or good from which they benefit.

Public Good

A good that is non-excludable and non-rivalrous, meaning that its consumption by one individual does not reduce availability to others.

Benefits

Advantages or gains that are derived from a specific action, policy, or product, including intangible and tangible outcomes.

Excludable

A characteristic of a good or service that means it is possible to prevent people who have not paid for it from having access to it.

Related Questions