Multiple Choice
A traffic light at an intersection is
A) rival and excludable in consumption.
B) not rival but excludable in consumption.
C) rival but not excludable in consumption.
D) not rival and not excludable in consumption.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q66: The failure of markets to adequately protect
Q67: Market failure associated with the free-rider problem
Q68: What particular characteristic do private goods and
Q69: Some goods, such as lighthouses, can switch
Q70: Scenario 11-3<br>Consider the following goods:<br>• a fish
Q72: Is basic research excludable? Is it rival
Q73: If Dave and Jesse are the only
Q74: The Occupational Safety and Health Administration (OSHA)
Q75: Private decisions about consumption of common resources
Q76: If the government decides to build a