If a Good or Service Does Not Get Used Up

question 22

Multiple Choice

If a good or service does not get used up as it is consumed,then it is said to be

• A)nonexcludable.
• B)nonrival.
• C)nondiscrimination.
• D)nonconsumable.
• E)None of the above.

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Definitions:

Centrality

Centrality refers to the importance or influence of a role or position within a network or structure.

Knowledge-based Economy

An economy driven by the use of knowledge and information as the key asset for growth and development.

Expert Power

Authority or influence derived from possessing knowledge or skills in a particular area.

Physical Resources

Tangible assets such as buildings, machinery, and raw materials that an organization uses to conduct its business.