An Example of a Good That Is Excludable Is

question 288

Multiple Choice

An example of a good that is excludable is

• A) a park.
• B) a river.
• C) a boat.
• D) clean air.

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Definitions:

Price Ceiling

A price ceiling is a government-imposed limit on how high a price can be charged for a product, service, or commodity, often intended to protect consumers from high prices.

Price Ceiling

A government-imposed limit on how high a price is charged for a product, above which it cannot legally rise.

Laissez Faire Policy

An economic doctrine stressing minimal government intervention in the marketplace, advocating for free markets to regulate themselves.

Quantity Control

An upper limit, set by the government, on the quantity of some good that can be bought or sold; also referred to as a quota.