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:

Rescission

The legal act of cancelling a contract and returning all involved parties to their state prior to the agreement, often due to misrepresentation, fraud, or mistake.

Benefited

Having received an advantage, improvement, or gain from a particular action, decision, or circumstance.

Restitution

The act of restoring or returning something to its proper owner or compensating for loss, damage, or injury caused.

Defendant

The individual, company, or institution being accused or sued in a court of law.