What Does It Mean If a Good Is Classified as Excludable

question 96

Multiple Choice

What does it mean if a good is classified as excludable?

• A)That anyone who does not pay for the good cannot consume it
• B)That someone can be barred from consuming the good based on race, creed or some other irrelevant characteristic
• C)That consumption of the good causes no externalities
• D)That a producer with patent or copyright protection can exclude any other producer from selling his product

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Definitions:

The Scarlet Letter

A novel by Nathaniel Hawthorne that explores themes of legalism, sin, and guilt in Puritan society.

Hawthorne

Nathaniel Hawthorne, an American novelist and short story writer, known for his dark romanticism and works such as "The Scarlet Letter" and "The House of the Seven Gables."

Morality

Principles concerning the distinction between right and wrong or good and bad behavior; the goodness or badness of human character.

Perceptual Constancy

The psychological feature that allows the perception of an object to remain relatively unchanged despite variations in the viewing conditions like distance or lighting.