When a Good Is Excludable

question 15

Multiple Choice

When a good is excludable:

• A)it is possible for sellers to prevent its use by those who have not paid for it.
• B)one person's consumption prevents or decreases others' ability to consume it.
• C)consumers have a perception of scarcity of that good.
• D)the government has specific import policies limiting its supply.

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Definitions:

Coffee

A beverage made by brewing the roasted seeds of the Coffea plant's berries, known as coffee beans.

Sleep

A natural state of rest during which an individual's consciousness is altered and the body can recover and repair.

Slope

A measure of the steepness or angle of a line on a graph, indicating the rate at which one variable changes with respect to another.

Curve

A graphical representation showing the relationship between two or more variables, often used in economics to depict supply and demand or other relationships.