Toll-Free Roads Sometimes Get Congested, Such as During Rush-Hour Traffic

question 135

Multiple Choice

Toll-free roads sometimes get congested, such as during rush-hour traffic. During those times, we would say that these roads are

• A)excludable and rival.
• B)excludable and nonrival.
• C)nonexcludable and nonrival.
• D)nonexcludable and rival.

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Definitions:

Purchases Discount

Purchases Discount refers to a reduction in the price paid for goods or services if payment is made within a specified period.

Yearly Savings Rate

The percentage of one's income that is saved annually, often used in personal financial planning.

FOB Shipping Point

A term used in shipping contracts to indicate that a buyer must pay for the shipping costs and is responsible for the goods once they leave the seller's premises.

FOB Destination

FOB Destination is a shipping term indicating that the seller retains ownership and liability of goods until they are delivered to the buyer's specified location, at which point the buyer assumes responsibility.