If a Good Is Excludable and Nonrival

question 85

Multiple Choice

If a good is excludable and nonrival,

• A)a private market will provide too much of it
• B)a private market will provide the good
• C)a private market will not provide the good
• D)neither a private market nor a government will provide the good
• E)only a government will provide the good

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Definitions:

Capital Gains

The gain realized when the price at which an asset or investment is sold surpasses the price it was originally bought for.

Eligible Dividends

Dividends that are entitled to a reduced tax rate in certain jurisdictions, often meeting specified criteria set by the tax authorities.

Marginal Tax Rates

The rate at which the last dollar of income is taxed, indicating the proportion of any additional dollar of income that will be paid in taxes.

Provincial Tax Brackets

Provincial tax brackets are the divisions at which tax rates change in a progressive tax system within a province, significantly affecting how income is taxed at different levels.