When a Good Is Rival in Consumption

question 71

Multiple Choice

When a good is rival in consumption:

• A) one person's consumption prevents or decreases others' ability to consume it.
• B) it is possible for sellers to prevent its use by those who have not paid for 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:

Eighteenth Century

Refers to the 1700s, a period marked by significant changes globally, including the Enlightenment, the rise of industrialization, and major shifts in power and empire.

Britain

A term often used interchangeably with Great Britain, referring to the island containing England, Scotland, and Wales, or more broadly to the United Kingdom which also includes Northern Ireland.

France

A country in Western Europe known for its rich history, cultural heritage, and significant contributions to art, science, and philosophy.

Individual Liberty

A principle that emphasizes the freedom of the individual to exercise certain rights and make choices without undue restraint by the government or society.