A Good or Service or a Resource Is Excludable If

question 170

Multiple Choice

A good or service or a resource is excludable if

• A) it is possible to prevent someone from enjoying its benefits.
• B) it is not possible to prevent someone from enjoying its benefits.
• C) its use by one person decreases the quantity available for someone else.
• D) its use by one person does not decrease the quantity available for someone else.

---

Definitions:

Annuity

A level stream of cash flows for a fixed period of time.

Preferred Stock Dividends

Dividends that are paid to preferred stockholders before any dividends are paid to common stockholders.

Perpetuity

A type of annuity that pays an infinite series of cash flows, with the first payment occurring one period from now, indefinitely into the future.

Future Value Factor

A multiplier used to calculate the estimated future value of a current investment or cash flow at a specified rate of return.