An Office in the Empire State Building Is

question 91

Multiple Choice

An office in the Empire State Building is

• A) a private good.
• B) nonexcludable, because it is possible to restrict access to it.
• C) a common resource.
• D) a public good because many people can be in the Empire State Building.
• E) excludable and nonrival.

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Definitions:

Dollar Value

Dollar value is the worth of an item or service expressed in terms of money.

Geographic Area

A specific physical location defined by natural or artificial boundaries.

Printed Checks

Physical, paper forms used to make payments from a checking account.

Payer's Check

A check issued by an individual or entity (the payer) to another party as a form of payment.