A Big Mac Is

question 60

Multiple Choice

A Big Mac is

• A)excludable and rival.
• B)nonexcludable and nonrival.
• C)nonexcludable and rival.
• D)excludable and nonrival.
• E)a private good in North America but a natural monopoly good in other countries.

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Definitions:

Test

An assessment intended to measure the knowledge, skill, aptitude, physical fitness, or classification in many other topics.

Abstract

A brief summary of a research article, thesis, review, or other document, highlighting the main points and conclusions.

Construct Validity

The degree to which a test measures what it claims, or intends, to be measuring in the context of psychological and educational testing.

Psychological Test

A standardized instrument or systematic procedure designed to measure a specific aspect of an individual's behavior and mental processes.