Nonrivalry and Nonexcludability Are the Main Characteristics of

question 241

Multiple Choice

Nonrivalry and nonexcludability are the main characteristics of

• A) consumption goods.
• B) capital goods.
• C) private goods.
• D) public goods.

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Definitions:

Bay Of Pigs

The site of an unsuccessful attempted invasion of Cuba by Cuban exiles, sponsored by the U.S. government, in April 1961.

Snowball Effect

A process that starts from an initial state of small significance and builds upon itself, becoming larger and potentially more significant.

Mob

A large, disorderly crowd of people, often associated with chaotic behavior or violence.

Dominant

Pertains to a trait that is expressed in the phenotype over a recessive trait when both are present in the genotype.