If a Good Is Nonrival, Then

question 83

Multiple Choice

If a good is nonrival, then:

• A)it has no substitutes.
• B)consumers can enjoy it without paying for it.
• C)consumption of the good by one person does not diminish its availability to others.
• D)consumption of the good by one person diminishes its availability to others.

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Definitions:

Price-Earnings Ratio

A financial ratio that measures a company's current share price relative to its per-share earnings.

Debt-To-Equity Ratio

A measure of a company's financial leverage calculated by dividing its total liabilities by stockholders' equity, indicating the proportion of equity and debt used to finance a company's assets.

Dividend Payout Ratio

A financial ratio that measures the proportion of earnings paid out as dividends to shareholders.

Debt-To-Equity Ratio

A financial ratio indicating the relative proportion of shareholders' equity and debt used to finance a company's assets.