Goods That Are Not Excludable Include Both

question 36

Multiple Choice

Goods that are not excludable include both

• A) private goods and public goods.
• B) natural monopolies and common resources.
• C) common resources and public goods.
• D) private goods and natural monopolies.

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Definitions:

Diversification

Diversification is an investment strategy that involves spreading investments among various financial assets to reduce exposure to risk.

Expected Gain

The predicted benefit or profit derived from an investment or decision, based on probability calculations.

Pooling Risks

The practice of spreading financial risk among a large number of contributors to reduce the risk to individuals.

Insurance Company

A financial institution that offers policies to individuals or entities, offering protection from financial losses in exchange for premiums.