A good is excludable if

a. one person's use of the good diminishes another person's enjoyment of it.
b. the government can regulate its availability.
c. it is not a normal good.
d. people can be prevented from using it.


Ans: d. people can be prevented from using it.

Economics

You might also like to view...

Explain why firms in monopolistic competition have excess capacity in the long run

What will be an ideal response?

Economics

Which of the following contributed most to the large increases in poverty since 1960?

a. increases in air pollution and other externalities b. federal government budget deficits c. the increase in the number of elderly individuals d. rising poverty rates among households headed by females e. the increase in the number of households headed by females

Economics

If the government budget deficit rises, what happens to the interest rate? What does this change in the interest rate do to net capital outflow? Provide a detailed explanation of why this change in the interest rate changes net capital outflow

Economics

Which of the following countries has the lowest degree of economic freedom?

A) South Korea B) Mexico C) North Korea D) Botswana

Economics