The Ability of an Owner of a Piece of Property

question 73

Multiple Choice

The ability of an owner of a piece of property to deny its use to others is labeled ________.

• A)excludability
• B)rivalry
• C)non-rivalry
• D)lugubrious

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Definitions:

Stock Exchange

A stock exchange is a marketplace where securities, such as stocks and bonds, are bought and sold, facilitating capital exchange between investors and companies.

Demand

The desire, willingness, and ability of consumers to purchase goods or services at a given price.

Junk Bond

A high-risk, high-yield bond issued by companies considered to be at greater risk of defaulting on their debt obligations.

Corporate Bond

A debt security issued by a corporation to raise funding, offering periodic interest payments and the return of the principal at maturity.