What Does It Mean for a Good to Be Excludable

question 76

Multiple Choice

What does it mean for a good to be excludable?

• A) The good must be paid for before it is used.
• B) The good can only be enjoyed by one person at a time.
• C) The good is subject to the free-rider problem.
• D) The good comes with a natural incentive to protect it.
• E) The good does not fall within the scope of the Coase theorem.

---

Definitions:

Quantity Supplied

The total amount of a product that producers are willing to sell at a given price within a specific time frame.

Export

The act of sending goods or services from one country to another country for sale or trade.

Comparative Advantage

The ability of a country or individual to produce a particular good or service at a lower opportunity cost than others.

Production Possibilities

The different mixes of products and services that a country can generate considering its accessible resources and current technology.