A Good That Is Both Rival and Excludable Is

question 58

Multiple Choice

A good that is both rival and excludable is

• A) a good that is impossible to produce.
• B) a private good.
• C) a common resource.
• D) a public good.
• E) nonexistent because no good can be both rival and excludable.

---

Definitions:

Contractionary Monetary Policy

A form of monetary policy that aims to reduce the rate of monetary expansion to tackle inflation, often by increasing interest rates.

Aggregate Demand

All-encompassing demand for goods and services within an economic framework, fixed at a particular price point and time frame.

Interest Rates

represent the cost of borrowing money or the return on savings, playing a crucial role in influencing economic activity and financial decisions.

Planned Investment

The expenditure by businesses on capital goods that are intended to increase their productive capacity in the future.