Classifying a Good as Rival Means

question 135

Multiple Choice

Classifying a good as rival means

• A)that the good is produced in a competitive market.
• B)that there is a shortage of the good.
• C)that when one person consumes a unit of the good no one else can consume it.
• D)anyone who does not pay for the good cannot consume it.

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Definitions:

MS Word

A widely used word processing software developed by Microsoft for creating and editing documents.

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Random Access Memory, a type of computer memory that is used to store data temporarily while the computer is running.

Recycle Bin

A folder on a computer where deleted files are temporarily stored, allowing for recovery before permanent deletion.

Trash Folder

A dedicated space in a digital environment where deleted files are temporarily stored before permanent deletion.