If It Is Impossible or Very Costly to Exclude Nonpaying

question 47

Multiple Choice

If it is impossible or very costly to exclude nonpaying customers from receiving a good, the good is considered to be

• A) freeware.
• B) nonexcludable.
• C) a common good.
• D) a receiving good.

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Definitions:

Cognitive

Pertaining to the mental processes of perception, memory, judgment, and reasoning.

Emotional

Related to feelings, moods, and affective states of a person, often influencing behavior and thought processes.

Physical

Relating to or concerning the body as opposed to the mind or spirit.

Psychological

Relating to the mind or mental processes and how they influence behavior, emotions, and cognition.