4. If a person can be prevented from using a good, the good is said to be

a. excludable
b. a common resource
c. public goods
d. rival

Booster class

Microeconomics

Skill

Understanding the concept of Public Goods

answer

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Raushan RajLv8

31 Oct 2020

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Related questions

30. A good is rival in consumption if: (a) One person's use of the good diminishes another person's ability to use the good. (b) One person's use of the good does not diminish another person's ability to use the good. (c) People can be prevented from consuming the good. (d) People cannot be prevented from consuming the good.

If a good is both nonexcludable and rival in consumption, then it is .

A. a private good

B. a club good

C. a common resource

D. public good