A Candy Bar Is an Example of a Good That

question 105

Multiple Choice

A candy bar is an example of a good that is

• A)both rival and excludable
• B)non-rival but excludable
• C)both non-rival and non-excludable
• D)rival but non-excludable
• E)rival but usually produced inefficiently

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Definitions:

Political Machines

Organizations characterized by a strong central leadership which work to secure and maintain political power, often through the use of patronage and sometimes corrupt practices.

Economic Citizenship

A concept where citizenship status and rights are linked to economic contributions or investments in a country.

Social Insurance Programs

Government-sponsored programs designed to provide financial support to individuals in events of unemployment, disability, or old age, aiming to protect against economic risks.

Federal Workmen's Compensation Laws

Laws enacted to provide financial and medical benefits to workers injured on the job, ensuring compensation without the need for litigation.