If It Is Not Possible to Prevent Others from Sharing

question 41

Multiple Choice

If it is not possible to prevent others from sharing in the benefits of a good's consumption, we say that the good

• A) is an economic bad
• B) is nonrival in consumption
• C) has the characteristic of nonexcludability
• D) is a private good

---

Definitions:

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given budget at specific prices.

Income Rises

An increase in the amount of money received from work, business, investments, or other sources.

More To Less

A principle or process that involves moving from a greater quantity or quality to a lesser one.

Price Falls

A decrease in the market price of goods or services, often due to increased supply or reduced demand.