Examlex
What does a president's printed memorandum on a bill do?
Private Goods
Goods that are both excludable and rivalrous, meaning only those who pay for them can use them, and one person's use of the good reduces others' ability to use it.
Common Resources
Goods that are rival in consumption but not excludable
Public Goods
Goods that are non-excludable and non-rivalrous, meaning they can be consumed by one person without reducing their availability to another.
Congested
Describes a state of overcrowding or overloading, often used in contexts like traffic, where too many vehicles lead to slowed or halted movement.
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