Nonrivalry Means That

question 99

Multiple Choice

Nonrivalry means that

• A)the owner of a good cannot prevent others from using the good.
• B)the use of a good by one individual does not preclude its use by others at the same time.
• C)a good cannot be exchanged in a market transaction.
• D)a good can be exchanged in a market transaction.
• E)a produced good will not be profitable.

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Definitions:

Perpetuity

A type of annuity that pays an infinite series of cash flows, with no end date.

Rate Of Return

Earnings or losses experienced by an investment within a chosen period, measured as a percentage of the investment’s purchase cost.

Heirs

Individuals legally entitled to inherit a deceased person's assets.

Rate Of Return

Fluctuations in the value of an investment during a pre-defined period, calculated as a percentage of the investment’s commencement cost.