All Goods That Are Excludable Are Also Rival in Consumption

question 134

True/False

All goods that are excludable are also rival in consumption, but not all goods that are rival in consumption are excludable.

---

Definitions:

Overdraft Privileges

A feature offered by banks allowing an account holder to withdraw more money than is currently available in their account, often for a fee.

Fee

A charge for services rendered or for access or admission to facilities or events.

Banks

Banks are financial institutions licensed to receive deposits and provide loans, along with offering various other financial services.

Bank Panics

A situation in which a large number of bank customers withdraw their deposits simultaneously due to fears that the bank will become insolvent.