Multiple Choice
Which of the following is an example of a durable good?
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8. The Types of Goods
Four Types of Goods and Two Characteristics
Multiple Choice
What is a public good?
A
A good that is nonrivalrous and nonexcludable; one person's consumption does not reduce others' use and people cannot be easily excluded
B
A good that is nonrivalrous but excludable; multiple people can consume without reducing availability but access can be restricted
C
A good that is rivalrous but nonexcludable; individuals' use reduces availability but people cannot be easily excluded
D
A good that is rivalrous and excludable; consumption by one person reduces availability and access can be restricted
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