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Economics
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31 Oct 2020

8. A television signal an example of a good that is:

a. private

b. social

c. nonrival in consumption

d. nonexcludable in production

Booster class
Microeconomics
Skill
Understanding the concept of Public Goods
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Raushan Raj
Raushan RajLv8
31 Oct 2020

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Related questions

Public goods differ from common resources in that:
 
A. Both are nonrival in consumption, but public goods are excludable while common resources are nonexcludable
B. Both are excludable, but public goods are nonrival in consumption while common resources are rival in consumption.
C. Both are nonexcludable, but public goods are nonrival in consumption while common resources are rival in consumption.
D. Both are rival in consumption, but public goods are nonexcludable while common resources are excludable.
 
 

36) When a good is nonrival and nonexcludable, it is a A) common resource (B) public good. Riccel C) private good D) natural monopoly. E) regulated good. Nonka

Both public goods and common resources are

A. nonexcludable.

B. excludable.

C. nonrival in consumption.

D. rival in consumption.

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