A Private Good Is

question 27

Multiple Choice

A private good is

• A) nonrival in consumption.
• B) subject to free rider problems.
• C) not subject to exclusion.
• D) subject to exclusion.

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Definitions:

Direct Quotes

The exchange rate for foreign currencies quoted in units of the domestic currency per one unit of the foreign currency.

Direct Quote

A representation of the amount of foreign currency required to buy or sell one unit of the domestic currency in the foreign exchange markets.

Country C's Currency

The legal tender issued by a sovereign government or central authority of country C.

Country D's Currency

The official currency issued and used for financial transactions in Country D.