A Good That Is Rival but Nonexclusive Is Called A(n)_____

question 96

Multiple Choice

A good that is rival but nonexclusive is called a(n) _____

• A)private good.
• B)public good.
• C)natural monopoly.
• D)merit good.
• E)open-access good.

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Definitions:

Overseas Trading

The act of buying and selling goods and services across international borders, allowing countries to expand markets and gain access to foreign products.

English Privateers

Privately owned ships sanctioned by the English government during the 16th to 18th centuries to conduct raids on enemy shipping and settlements.

Imported Goods

Products or commodities that are brought into one country from another for the purpose of sale or trade.

Roanoke

Known as the "Lost Colony," it was the first English settlement in the New World that mysteriously disappeared in the late 16th century.