Which of the Following Pairs of Goods Includes a Good

question 102

Multiple Choice

Which of the following pairs of goods includes a good that is excludable and rival in consumption as well as a good that is not excludable and not rival in consumption?

• A)tablet computer, gym membership at a gym that always has plenty of open equipment and classes
• B)tablet computer, national defense
• C)congested nontoll road, national defense
• D)online music subscription, streetlight

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Definitions:

Borrow

To receive something from someone with the intention of returning it or its equivalent value at a later date.

Compounded Quarterly

The process of calculating and adding interest to a principal amount every quarter or three months, causing the principal to grow at an increasing rate.

RRSP

In Canada, the Registered Retirement Savings Plan serves as an investment and savings scheme aimed at providing for the retirement needs of employees and self-employed people.

Interest Earned

The amount of money generated as income on an investment, savings, or lending over a specified period.