Multiple Choice
When a good is rival in consumption:
A) one person's consumption of the good prevents or decreases the ability of others to consume it.
B) sellers can prevent people who have not paid for the good from using it.
C) consumers have a perception that the good is scarce.
D) the government enacts specific import policies limiting the good's supply.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: Which of the following is an excludable
Q4: Free riders receive _ externalities from _.<br>A)negative;
Q5: Which of the following goods is most
Q6: Which of the following statements is true
Q7: Fireworks would be considered:<br>A)a common resource.<br>B)a private
Q9: A road would be considered a common
Q10: Which type of good is excludable, but
Q11: Which of the following public goods would
Q12: When the optimal quantity of consumption is
Q13: Public goods, when left to the private