When Use of a Good Decreases the Quantity Available for Someone

question 160

Multiple Choice

When use of a good decreases the quantity available for someone else,the good is

• A) rival.
• B) nonrival.
• C) excludable.
• D) nonexcludable.
• E) a public good.

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Definitions:

Prospective Buyers

Potential customers who have shown interest in purchasing a product or service.

Functional

Describes something that is designed to be practical and useful rather than just attractive.

Challenges Faced

Difficult situations or obstacles that individuals or groups encounter which require effort and determination to overcome.

Geographic

Relating to the physical features, location, or characteristics of the earth or its environment.