If the Consumption of a Good by One Individual Does

question 27

Multiple Choice

If the consumption of a good by one individual does not change the amount of the good available to others, the good is considered to be

• A) durable.
• B) nonrival-in-consumption.
• C) a common good.
• D) a natural resource.

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Definitions:

Lien

A claim to property.

Real Property

Land and anything permanently attached to it, including buildings and natural resources.

Permanently Attached

Items that are fixed securely to a property in such a way that removing them would cause damage to the property or the items themselves.

Irrevocable Right

An irrevocable right refers to a legal entitlement or permission that cannot be withdrawn, cancelled, or revoked by the grantor once granted.