A Good or Service That Is Both Rival and Excludable

question 1

Multiple Choice

A good or service that is both rival and excludable is a:

• A)public good.
• B)private good.
• C)collective good.
• D)commons good.

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Definitions:

Molarity

A concentration unit used to describe the amount of solute in moles divided by the volume of the solution in liters.

NaBr

Sodium Bromide, a chemical compound with the formula NaBr, used in medicine, as a sedative or anticonvulsant, and in photographic processing.

KI

The chemical formula for potassium iodide, an ionic compound that is used medically in thyroid blocking and also as a nutritional supplement.

Molarity

A metric determining the amount of a solute within a solution, specified as moles of the solute for every liter of solution.