Many New Agricultural Technologies Are Better Characterized as Toll Goods

question 1

Multiple Choice

Many new agricultural technologies are better characterized as toll goods rather than pure public goods meaning:

• A) Non-excludable and non-rival
• B) Non-rival but excludable
• C) Non-excludable but rival in consumption
• D) Rival and excludable

---

Definitions:

Enforceable Agreement

A contract or agreement that is legally binding and can be upheld or compelled by law.

Title of Goods

A formal documentation or legal term indicating ownership rights over goods.

Express Contract

A contract explicitly stated by the parties, either orally or in writing, detailing the terms clearly.

Contract Formed

refers to the creation of a legally binding agreement that arises when an offer by one party is accepted by another party, meeting the necessary legal requirements.