Which of the Following Displays These Two Characteristics: Non-Rivalry and Non-Excludability

question 43

Multiple Choice

Which of the following displays these two characteristics: non-rivalry and non-excludability in consumption?

• A)Public goods
• B)Private goods
• C)Quasi-public goods
• D)Common resources

---

Definitions:

Noxious Odors

Unpleasant or harmful smells that can cause discomfort or health issues.

External Costs

Costs resulting from an economic activity that affects third parties who did not choose to incur that cost.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return.

Interest Rate

Rate at which one can borrow or lend money.