The IllegalArgumentException Class Extends the RuntimeException Class, and Is Therefore

question 34

Multiple Choice

The IllegalArgumentException class extends the RuntimeException class, and is therefore:

• A) a checked exception class
• B) an unchecked exception class
• C) never used directly
• D) none of the above

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Definitions:

Nonpayers

Individuals who benefit from goods, services, or resources without contributing to their production or cost, often in the context of public goods.

Market Failure

A situation where the allocation of goods and services is not efficient, often leading to a net social welfare loss.

Scarce Resources

Resources that are limited in supply and cannot meet all the demands placed on them, necessitating allocation decisions.

Nonexcludable Good

A good that cannot be withheld from individuals once it has been provided, leading to free-riding issues.