Private Goods Are Excludable and Nonrival in Consumption

question 141

True/False

Private goods are excludable and nonrival in consumption.

---

Definitions:

Tentative Contract

A preliminary agreement that outlines the terms and conditions of a contract to be finalized later.

Enforceable Contract

An enforceable contract is a legally valid agreement between two or more parties, which can be upheld and compelled by the courts.

Tablet

A portable computing device featuring a touch-sensitive screen that can be used for reading, browsing the internet, or running applications.

Running Shoes

Footwear specifically designed for jogging or running, emphasizing comfort, durability, and performance.