An Example of a Good That Is Nonexcludable Is

question 407

Multiple Choice

An example of a good that is nonexcludable is

• A) an art exhibition with an admission fee.
• B) a piece of Velcro.
• C) space exploration.
• D) a bottle of Tang.

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Definitions:

Par

Typically refers to a face value of a bond or stock that is set at issuance, or the stated value of a currency.

Principal Amount

The original sum of money borrowed in a loan, or invested, on which interest is calculated.

Maturity

Maturity is the date on which the principal amount of a bond, loan, or other financial instrument is to be repaid in full to the investor or lender.

Stated Interest Payment

The amount of interest that a bond or loan promises to pay to its holder, usually expressed as an annual percentage of the principal.