A Good Is Excludable If

question 74

Multiple Choice

A good is excludable if:

• A) one person's use of the good diminishes another person's enjoyment of it
• B) the government regulates its availability
• C) it is not a normal good
• D) people can be prevented from using it

---

Definitions:

Duration

A measure of the sensitivity of the price of a bond or other debt instrument to interest rate changes, representing the weighted average time until all cash flows are received.

Yield-To-Maturity

The expected total yield on a bond when held to its maturity date, stated as a yearly percentage.

Coupon Rate

The interest paid annually on a bond, indicated as a percentage of its face value.

Annually

Occurring once every year, often used to describe events or measurements that are taken or occur once per year.