A Public Good Is

question 20

Multiple Choice

A public good is:

• A) rival in consumption and excludable.
• B) not rival in consumption, but excludable.
• C) rival in consumption, but not excludable.
• D) not rival in consumption and not excludable.

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Definitions:

Contract

A legally binding agreement between two or more parties that defines and governs the rights and duties of the parties to the agreement.

S&P 500 Index

An American stock market index based on the market capitalizations of 500 large companies listed on stock exchanges in the United States.

Futures Contract

A formal contract that obligates a purchase or sale of an item at an agreed price on a future date.

Settle Price

The settle price is the final price at which a futures contract is settled upon expiration or closing.