A Good That Is Both Rival and Excludable Is

question 58

Multiple Choice

A good that is both rival and excludable is

• A) a good that is impossible to produce.
• B) a private good.
• C) a common resource.
• D) a public good.
• E) nonexistent because no good can be both rival and excludable.

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Definitions:

Aptitude Tests

Standardized tests designed to measure an individual's potential to acquire skills or knowledge, commonly used in educational and professional settings.

General Ability

A person's overall capability to perform a wide variety of tasks, often associated with cognitive functions like reasoning, problem-solving, and understanding.

Scale Development

The process of designing, testing, and validating a scale or instrument for measurement, typically of attitudes, attributes, or behaviors.

Thurstone Scales

A psychometric scale developed by L. L. Thurstone, used to measure attitudes by asking respondents to agree or disagree with a series of statements, each weighted according to their position on an agree-disagree continuum.