A Good Is Considered Nonexcludable If

question 17

Multiple Choice

A good is considered nonexcludable 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) it is impossible or very costly to exclude nonpaying customers from receiving the good.
• D) its production is financed through tax revenue rather than market prices.

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Definitions:

Phenotypic Variation

The observable differences in appearance and behavior among individuals of the same species due to genetic and environmental influences.

Heritability

A measure of how much of the variation in a trait within a population can be attributed to genetic differences among individuals.

Phenotypic Variation

The observable differences in the appearance, function, or behavior among individuals of the same species, often due to genetic and environmental influences.

Genetic Differences

Genetic differences are variations in the sequences of DNA among individuals or populations, leading to diversity in traits and susceptibilities to diseases.