Which of the Following Goods Is Nonrival in Consumption and Excludable

question 230

Multiple Choice

Which of the following goods is nonrival in consumption and excludable?

• A)Grand Canyon National Park on a rainy, cool day
• B)Disney World on a rainy, cool day
• C)a crowded public beach on a sunny, warm day
• D)White Mountain ski resort on a sunny, mild day

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Definitions:

Leveraged Lease

A financial lease where the lessor borrows a substantial fraction of the cost of the leased asset.

Firm's Balance Sheet

A document detailing a firm's assets, liabilities, and equity owned by shareholders at a certain moment.

Generally Accepted Accounting Principles

The common set of accounting principles, standards, and procedures that companies use to compile their financial statements.

Lessee

The user of an asset in a leasing agreement. The lessee makes payments to the lessor.