Goods That Are Not Excludable Include Both

question 36

Multiple Choice

Goods that are not excludable include both

• A) private goods and public goods.
• B) natural monopolies and common resources.
• C) common resources and public goods.
• D) private goods and natural monopolies.

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Definitions:

National Monetary Unit

The primary currency of a country, used as a medium of exchange and basis for trade.

Purchasing Power

The value of currency expressed in terms of the amount of goods or services that one unit of money can buy.

Transaction

An exchange between a business and one or more external parties to a business or a measurable internal event such as the use of assets in operations.

Exchange

A marketplace where securities, commodities, derivatives and other financial instruments are traded.