Which of the Following Is Rival and Excludable

question 70

Multiple Choice

Which of the following is rival and excludable?

• A)A public good
• B)An externality
• C)A private good
• D)A common resource
• E)A tariff

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Definitions:

Unemployment

The situation in which individuals who are capable of working and are actively seeking work but are unable to find a job.

Expected

Something considered likely or anticipated to happen or become a reality in the future.

Potential GDP

The highest level of real GDP that can be sustained over the long term without increasing inflation, assuming full employment of resources.

Expansionary Policy

A macroeconomic policy that aims to stimulate the economy by increasing government spending, decreasing taxes, or lowering interest rates to boost economic activity.