A Good or Service That Is Rival but Is to Some

question 73

Multiple Choice

A good or service that is rival but is to some extent nonexcludable is called a _____,and a good or service that is nonrival but is excludable is referred to as a _______

• A)public good;private good.
• B)commons good;public good.
• C)commons good;collective good.
• D)public good;collective good.

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Definitions:

Ordinary Annuity

Periodic equal distributions made at the terminus of each phase throughout a determined period.

Ordinary Annuity

A financial product that pays out a fixed stream of payments to an individual, primarily used as an income stream for retirees.

Tax-deferred

Tax-deferred refers to investments or accounts that allow earnings to grow without being taxed until the investor takes distributions, typically during retirement.

RRSP

Registered Retirement Savings Plan, a type of Canadian account for holding savings and investment assets, with advantageous tax benefits.