Because It Is

question 134

Multiple Choice

Because it is

• A) neither excludable nor rival in consumption, a tornado siren is a common resource.
• B) neither excludable nor rival in consumption, a tornado siren is a public good.
• C) excludable but not rival in consumption, a tornado siren is produced by a natural monopoly.
• D) rival in consumption but not excludable, a tornado siren is a common resource.

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Definitions:

Total

The whole amount; the entirety of a particular number or quantity.

Ratio

A relationship between two numbers indicating how many times the first number contains the second or how the two numbers compare in size.

Median

The middle value in a set of data when it is ordered from least to greatest, or the point at which half the data values are above and half are below.

Median

The middle value in a set of ordered data, or the average of the two middle values when the set has an even number of observations.