In Economics,a Rival Good Is One That

question 89

Multiple Choice

In economics,a rival good is one that:

• A)cannot be consumed by more than two persons at a time.
• B)can be consumed by more than one person at a time.
• C)can be consumed by more than one person at a time but is congested.
• D)cannot be consumed by more than one person at a time.
• E)none of the above

---

Definitions:

Comprehensive Income

All changes in stockholders’ equity during a period, except those resulting from dividends and stockholders’ investments.

Income Statement

A financial statement that shows a company's revenues, expenses, and net income or loss over a specified period.

Stockholders' Equity

The corporation's residual interest in the assets of the company after deducting liabilities.

Comprehensive Income

The total change in equity for a business that is not attributable to owners' investments or withdrawals.