Multiple Choice
Which of the following statements is (are) TRUE?
I. A club good, such as golf, is nonexcludable and rival.
II. A private good is excludable and rival.
III. School is a public good.
IV. Common resources are excludable and nonrival.
A) I and II
B) II, III, and IV
C) II
D) II and IV
Correct Answer:
Verified
Correct Answer:
Verified
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