Multiple Choice
If one person's consumption of a good does not preclude another's consumption, the good is said to be
A) nonrival in consumption.
B) rival in consumption.
C) nonexcludable.
D) excludable.
Correct Answer:

Verified
Correct Answer:
Verified
Q27: The field of economics that analyzes government
Q28: Regulatory capture in government happens because the
Q29: The major problem with paired-choice majority voting
Q30: According to the paradox of voting,<br>A) public
Q31: Suppose a college economics department decides to
Q33: Why would private business be considered more
Q34: What are quasi-public goods? Explain why quasi-public
Q35: The idea of government failure includes all
Q36: Deregulation<br>A) tends to improve outcomes in industries
Q37: Rent-seeking behavior in public choice theory refers