Public Goods Have Two Criteria, One of Which Is Non-Excludability

question 15

Multiple Choice

Public goods have two criteria, one of which is non-excludability. What does that mean?

• A)it is not possible to exclude individuals from consumption.
• B)it is not possible to produce them without externalities
• C)consumption by one does not affect consumption of others
• D)a and c.

---

Definitions:

Liabilities

Financial obligations or debts that a company or individual owes, which can include loans, accounts payable, mortgages, and other amounts due to third parties.

Constant-Growth DDM

A dividend discount model that assumes dividends grow at a constant rate indefinitely, used to estimate the value of a stock.

Dividend

A distribution of a portion of a company's earnings to its shareholders, typically in the form of cash or stock.

Growth Rate

The rate at which a company's earnings or revenue increases over a certain period, often used as a measure of a company's financial health and potential for future expansion.