A Good That Is Nonrival and Nonexcludable Is Defined as a ________

question 77

Multiple Choice

A good that is nonrival and nonexcludable is defined as a ________ good.

• A) private
• B) public
• C) common-resource
• D) club
• E) government

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Definitions:

Portfolio Beta

A measure of the volatility, or systematic risk, of a portfolio of investments compared to the market as a whole.

Individual Securities

are financial instruments such as stocks or bonds that are owned directly by investors, as opposed to being part of a pooled investment.

Weighted Average

A calculation method that multiplies each component by a factor reflecting its importance and sums these products to derive an average.

CAPM

The Capital Asset Pricing Model (CAPM) is a financial model that describes the relationship between systematic risk and expected return for assets, particularly stocks.