When a Good Is Nonrival in Consumption, Then

question 87

Multiple Choice

When a good is nonrival in consumption, then:

• A)consumption by an additional individual will significantly reduce the benefits derived by others.
• B)individuals who refuse to pay for the good cannot be excluded from benefiting from it.
• C)consumption by an additional individual does not prevent others from benefiting from the good.
• D)individuals who refuse to pay for the good can be excluded from benefiting from it.
• E)the consumption of the good by an individual generates negative externalities.

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Definitions:

Economic Policies

Strategies and decisions taken by a government concerning the economic management of the country, including taxation, government budgets, money supply, interest rates, and labor markets.

Missouri Compromise

A series of agreements passed by Congress in 1820-21 to maintain the balance of power between slave states and free states.

National Crisis

A critical situation or period of significant turmoil that affects an entire nation, posing a substantial challenge to its stability and functioning.

Sectional Issues

Conflicts and disagreements between different geographical regions or sections within a country, often related to economic interests, cultural values, or political power.