Determine If Each of the Products Below Displays Any of the Following

question 234

Essay

Determine if each of the products below displays any of the following characteristics:
(i) rivalry
(ii) nonrivalry
(iii) excludability
(iv) nonexcludability.
a.a freeway during peak commute hours
b.an online college course
c.infectious disease prevention
d.open source software such as Linux
e.a movie showing at Century Theatres

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Definitions:

U.S. Trade

The exchange of goods and services between the United States and other countries, including imports and exports.

Latin American Countries

Nations located in the Americas where Romance languages, primarily Spanish and Portuguese, are spoken.

North American Free Trade Agreement (NAFTA)

A treaty between the United States, Canada, and Mexico that eliminated most tariffs and trade barriers between the countries, effective from 1994 until replaced by the USMCA in 2020.

Trade Restrictions

Regulations or policies that governments impose to control the amount and types of goods and services that can be imported or exported, affecting international trade.