Assume There Is No Way to Prevent Someone from Using

question 137

Multiple Choice

Assume there is no way to prevent someone from using an interstate highway, regardless of whether or not he or she helps pay for it. This characteristic is called

• A) nonrivalry.
• B) nonexcludability.
• C) nontaxability.
• D) nondiscrimination.

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Definitions:

Equity

The value of an ownership interest in property, including shareholders' equity in a corporation, which represents the residual value to shareholders after debts and liabilities have been settled.

Startups

Early-stage companies often characterized by their high growth potential and innovative business models or technologies.

Investment

The allocation of resources, usually money, in the expectation of generating income or profit.

Rule Of Thumb

A practical and general principle applied to approximate or make judgments without the need for precise calculations.