A Nonexclusive Good Is a Good That

question 15

Multiple Choice

A nonexclusive good is a good that

• A) is sold in various markets.
• B) is impossible to keep people from enjoying the benefits the good provides.
• C) is produced by a perfectly competitive firm.
• D) is produced at the lowest possible cost.

---

Definitions:

Scots-Irish Herders

A group of people of Scottish and Irish ancestry, particularly those who settled in the Appalachian regions of the United States and were known for their herding skills.

Puritan

Puritan is a term used to describe members of a religious reform movement known for its strict moral code and emphasis on piety, originating in the 16th and 17th centuries.

Quaker

A member of the Religious Society of Friends, a Christian movement founded in mid-17th century England, emphasizing the direct experience of God within one's soul.

Frustration-Aggression Principle

A theory suggesting that frustration often leads to aggressive behavior as the individual seeks to eliminate the source of their frustration.