A Good Is Non-Rival in Consumption If ________

question 75

Multiple Choice

A good is non-rival in consumption if ________.

• A) one person's use of the good does not preclude consumption by others
• B) the government can regulate its production
• C) people cannot be prevented from using it
• D) the demand for the good increases with an increase in the consumer's income

Understand the trade-offs and limitations associated with fixed-weight versus chain-weighted indices in measuring price changes and cost of living.

Understand the principles and goals of bankruptcy law.

Identify the legal framework and authority governing bankruptcy law.

Describe the federal bankruptcy court system and the appointment of bankruptcy judges.