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

question 52

Multiple Choice

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

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

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Definitions:

Act Democratically

The process of making decisions or taking actions based on the principles of democracy, where all members have an equal say.

Personal Responsibility

The concept of individuals being accountable for their actions and decisions, recognizing the consequences they may bring.

Short-Term Interests

Interests or goals that focus on immediate or near-future benefits rather than long-term outcomes.

Business Customers

Entities, such as companies or professionals, that purchase goods or services for commercial purposes, not for personal consumption.