Nonexcludable and nonrival goods are known as
a. Public goods.
b. Private goods.
c. Efficient goods. .
d. Those which are the last to be purchased.
e. There is no such thing as goods which are both Nonexcludable and nonrival.
A
You might also like to view...
Explain the law of diminishing returns and illustrate it with a relevant example
Spending VCU4 on real-world goods and services causes the nation's:
a. Monetary base to fall. b. M2 money supply to fall. c. M2 money multiplier to remain the same. d. M2 money supply to rise.
Economic engineering:
A. focuses exclusively on social factors that affect incentives. B. is a scientific approach to economics in contrast to the heuristic supply/demand model. C. is the process of designing markets and coordinating mechanisms to achieve a specific goal. D. simulates virtual economies on the computer and lets coordination mechanisms emerge.
Selection bias can result from data samples
A. from people who make different choices. B. that compare groups engaged in different activities. C. that are not random. D. all of the above.