In Economics,a Nonrival Good Is One That

question 1

Multiple Choice

In economics,a nonrival good is one that:

• A)cannot be consumed by more than one person 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 two persons at a time.
• E)none of the above

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Definitions:

TNC

Transnational Corporation; a large company that operates in multiple countries across the globe.

Economic Gains

Increases in wealth, financial health, or resources, often measured in terms of income, profits, or value.

National Boundaries

Geographically defined borders that separate the territory of one nation-state from another.

Developing Countries

Nations with lower living standards, underdeveloped industrial bases, and low Human Development Index relative to other countries.