A Good That Can Be Consumed Even If the Consumer

question 73

Multiple Choice

A good that can be consumed even if the consumer does not pay for it

• A) is necessarily rival in consumption.
• B) completely avoids the free rider problem.
• C) does not exist because firms won't produce goods for which consumers won't pay.
• D) is nonexcludable.
• E) might be nonexcludable but is definitely nonrival.

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Definitions:

Personal Values

Core beliefs or standards that guide and motivate attitudes and actions.

Neuroticism

A personality trait characterized by anxiety, fear, moodiness, worry, envy, frustration, jealousy, and loneliness.

Extraversion

A personality trait characterized by sociability, talkativeness, assertiveness, and high amounts of emotional expressiveness.

Openness

One of the five major dimensions of personality, characterized by an appreciation for art, emotion, adventure, and unusual ideas; imaginative and curious individuals.