A Local Park Filled with Picnickers Is

question 365

Multiple Choice

A local park filled with picnickers is

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

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Definitions:

Secondary Sector

The secondary sector encompasses industries involved in the manufacturing and processing of raw materials into finished goods and products.

Tertiary Sector

The segment of the economy that provides services rather than producing goods, including sectors like retail, education, and health care.

Economist

A professional in the social science discipline of economics, concerned with the analysis of goods and services distribution, consumption, and production.

Shoshana Zuboff

A scholar and author who specializes in the study of the digital economy, especially in regard to the social and economic impacts of technology.