When Economists Say That a Good Is Nonexcludable, They Mean

question 276

Multiple Choice

When economists say that a good is nonexcludable, they mean that

• A) everybody wants it.
• B) there is no practical way to stop a person from enjoying the good.
• C) more than one person can consume the good.
• D) everybody is willing to pay for it.

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Definitions:

African American Students

Pupils of African descent in the United States who encounter unique educational experiences and challenges shaped by various socio-cultural and historical factors.

European American Students

Refers to learners in educational institutions in the United States who have European ancestry.

Intrinsically Oriented

Intrinsically Oriented refers to being motivated by internal factors, such as personal satisfaction, curiosity, or the challenge of the task itself, rather than external rewards or pressures.

External Rewards

Incentives provided from an external source, such as money, grades, or praise, that motivate behavior.