Multiple Choice
A good is considered nonexcludable if
A) many individuals can share in the consumption of the same unit of the good.
B) the consumption of the good by one individual lowers the amount available for others.
C) it is impossible or very costly to exclude nonpaying customers from receiving the good.
D) its production is financed through tax revenue rather than market prices.
Correct Answer:
Verified
Correct Answer:
Verified
Q12: Manny's Bar-n-Grill is next door to a
Q13: The strong demand for housing, rising housing
Q14: Markets may have difficulty providing the proper
Q15: When external benefits are present in a
Q16: After spending $400,000 to build your dream
Q18: A free-rider problem exists when a good
Q19: Sam lives next to The Party Pub
Q20: If a group of sellers that can
Q21: If the construction of a new elementary
Q22: During the 1980s and 1990s, the Federal