A Good Is Nonrival If

question 44

Multiple Choice

A good is nonrival 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, you have not decreased the amount left for consumption by other people.
• E) anybody can be excluded from enjoying the benefits of the good.

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Definitions:

Divest

To sell off assets, investments, or divisions of a company as a strategic move to focus on core operations or for other financial reasons.

Functional Level

The operational layer in an organization where specific, routine tasks are carried out, often correlating with departments like sales or HR.

Specialists

Experts or professionals with a deep understanding and knowledge in a specific field or area, often hired to address particular challenges within a business.

Strategic Planners

Professionals responsible for developing and implementing long-term goals and strategies to ensure a company's growth and success.