Which of the Following Are Characteristics of Public Goods

question 76

Multiple Choice

Which of the following are characteristics of public goods?

• A) Nonrivalry
• B) Nonchivalrous
• C) Nonexclusionary
• D) Nonrivalry and nonexclusionary

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Definitions:

Court

A tribunal, often a government institution, with the authority to adjudicate legal disputes between parties and carry out the administration of justice in civil, criminal, and administrative matters.

Authority

The authority to command, decide, and ensure compliance.

Non-Corporate Entity

A business structure that is not incorporated, such as partnerships, sole proprietorships, and limited liability companies.

Limited Partnership

A partnership consisting of at least one general partner, who manages the business and is personally liable for debts, and one or more limited partners, who invest but do not manage the business and are not personally liable.