When a Good Is Rival in Consumption

question 177

Multiple Choice

When a good is rival in consumption,

• A)one person's use of the good diminishes another person's ability to use it.
• B)people can be prevented from using the good.
• C)an unlimited number of people can use the good at the same time.
• D)everyone will be excluded from obtaining the good.

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Definitions:

Transactions

Financial activities involving the exchange of assets, services, or financial instruments between parties.

Transactions

The financial events that affect the financial statements of a business, involving transfers or exchanges of value between two parties.

Current Ratio

An indicator of a business's capacity to meet its obligations due in the next twelve months.

Calculated

Determined by mathematical methods; involving the process of using mathematical or logical techniques to derive a result.