Goods That Are Rival in Consumption but Not Excludable Would

question 18

Multiple Choice

Goods that are rival in consumption but not excludable would be considered

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

---

Definitions:

Petty Cash Account

A small amount of cash on hand used for paying expenses too small to merit writing a check.

Cash Equivalents

Short-term, highly liquid investments that are readily convertible to known amounts of cash and have original maturities of three months or less.

Money Market Accounts

Interest-bearing accounts offered by financial institutions, combining the benefits of both savings and checking accounts, typically with higher interest rates.

Commercial Paper

An unsecured, short-term debt instrument issued by companies to finance their operational expenses.