If One Person's Consumption of a Good Means That No

question 111

Multiple Choice

If one person's consumption of a good means that no one else can consume it,

• A)that good is called a pure public good
• B)production of that good creates a negative externality
• C)consumption of that good creates a positive externality
• D)the good is said to be excludable
• E)the good is said to be rival

---

Definitions:

Populations

The entire group of individuals or items that statistical analysis is based upon.

Alternative Hypothesis

A hypothesis that contradicts the null hypothesis, suggesting there is a significant difference or effect.

Null Hypothesis

A statistical hypothesis that assumes no significant difference or effect in a given set of observations, used as a starting point for statistical testing against the alternative hypothesis.

Alternative Hypothesis

A statement that suggests a possible difference or effect, typically to be tested against a null hypothesis in statistical analysis.