A Good Is Nonexcludable If

question 63

Multiple Choice

A good is nonexcludable if

• A) only the government can produce it.
• B) nobody can be excluded from enjoying the benefits of the good.
• C) when you pay for the good, you are guaranteed to be the sole consumer.
• D) when you consume a unit, that means there is no less for someone else.
• E) it is also nonrival.

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Definitions:

Nonprogrammed Decisions

Decisions made in response to situations that are unique, not well-defined and lack pre-established processes.

Sequential

Relating to or forming a sequence, where things follow a logical order or a fixed series.

Programmed

Describes tasks or decisions that follow a predetermined procedure or set of rules, often automated through technology.

Semiprogrammed

Decisions that have some elements of uncertainty and require a mix of established procedures and creative solutions.