Which of the Following Goods Is Excludable and Nonrival

question 100

Multiple Choice

Which of the following goods is excludable and nonrival?

• A) food
• B) air
• C) the Internet
• D) a streetlight
• E) a two liter bottle of Mountain Dew

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Definitions:

Long-Term Bonds

Bonds with a longer maturity period, typically more than 10 years, offering potentially higher yields but increased interest rate risk.

Treasury Bill

A short-term government security issued at a discount from the face value and pays no interest before maturing at its face value.

Effective Annual Rate

The interest rate on a loan or investment, adjusted for the effect of compounding over a one-year period.

Par

The face value of a bond or other financial instrument, which is the amount to be paid to the holder at maturity.