________ Are Non-Rival in Consumption

question 215

Multiple Choice

________ are non-rival in consumption.

• A) Public goods and private goods
• B) Public goods and club goods
• C) Public goods and common pool resource goods
• D) Private goods and common pool resource goods

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Definitions:

Freight

The charge imposed for the transport of goods by sea, air, or land.

Property, Plant, and Equipment

Property, Plant, and Equipment (PP&E) are tangible assets that are expected to be used in operations for more than one period.

Patent

An exclusive right to sell or produce one’s discovery or invention. A patent is good for 20 years.

Copyright

The exclusive right that is granted by the federal government to sell and reproduce literary, musical, or artistic works for a period of time.