Classifying a Good as Excludable Means

question 64

Multiple Choice

Classifying a good as excludable means

• A)that someone can be barred from consuming the good based on race, creed, or some other irrelevant characteristic.
• B)that anyone who does not pay for the good cannot consume it.
• C)that consumption of the good causes no externalities.
• D)that a producer with patent or copyright protection can exclude any other producer from selling his product.

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Definitions:

Fixed-Alternative

A question format in surveys that offers respondents a limited set of specific responses to choose from.

Dichotomous

Divided or dividing into two sharply distinguished parts or classifications.

Dentist

A healthcare professional specializing in diagnosing, preventing, and treating diseases and conditions of the oral cavity.

Past Twelve Months

A time frame referring to the most recent year period leading up to the present moment.