A Good Is Rival If

question 36

Multiple Choice

A good is rival if

• A) it has substitutes.
• B) it can be consumed by many people simultaneously.
• C) it is excludable.
• D) consumption by one person decreases the quantity available for another person.
• E) it has no complements.

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Definitions:

Corporate Scandals

Refers to major failures within corporations that involve illegal, unethical, or morally questionable practices that come to public attention.

Stock Frauds

Illegal activities involving manipulation of stock markets to deceive investors and profit unlawfully.

Bill Clinton

The 42nd President of the United States (1993-2001), known for his policies on the economy, welfare reform, and his involvement in several scandals.

Aid to Families

A government welfare program designed to provide financial assistance to households, especially those with children, to alleviate poverty.