Goods that are rival in consumption but not excludable would be considered
a. club goods.
b. common resources.
c. public goods.
d. private goods.
b
You might also like to view...
Explain the difference between marginal social benefit and marginal external benefit
What will be an ideal response?
Your friend does not understand the benefits of globalization. Outline for your friend the positive economic aspects of globalization
What will be an ideal response?
The Bretton Woods exchange rate system was an example of a
A) target zone. B) managed float. C) pure gold standard. D) modified gold standard. E) floating exchange rate system.
Sellers may choose not to sell in certain markets because: a. it is possible to practice price discrimination against customers
b. buyers are unable to perceive the high quality of their goods and are, therefore, less willing to pay for them. c. they are able to impose negative externalities on third parties. d. an above-average profit potential is projected.