Which of the Following Terms Refers to the Situation Where

question 56

Multiple Choice

Which of the following terms refers to the situation where one person's consumption doesn't reduce the amount available for others?

• A)Non-consumption.
• B)Non-excludable.
• C)Non-rival.
• D)Externalities.

---

Definitions:

Testator

A person who makes a will.

Heirs

Individuals legally entitled to inherit a deceased person's property or title.

Escheats

This refers to the state's right to take ownership of property if the owner dies without a will and without heirs.

Five Wishes Document

A legal document that lets people specify their personal, emotional, and spiritual needs in addition to medical wishes in case they become unable to communicate.