Asked by Wendy Thurmond on May 18, 2024
Verified
If you ________ prevent at a low cost another person from enjoying the benefits of a good that you produced, the good is nonexcludable. This is a characteristic of a ________ good.
A) can; public
B) cannot; public
C) cannot; private
D) can; private
Nonexcludable
A characteristic of a good or service whereby individuals cannot be effectively excluded from using it, often resulting in public goods.
Public Good
A product or service that is made available to all members of society, characterized by non-excludability and non-rivalry in consumption.
- Identify the differences between rival and nonrival goods, as well as excludable and nonexcludable goods.
Verified Answer
DR
Demetris RobertsonMay 19, 2024
Final Answer :
B
Explanation :
Nonexcludability is a characteristic of public goods, meaning if you cannot prevent others from enjoying the benefits of a good at a low cost, it is considered a public good.
Learning Objectives
- Identify the differences between rival and nonrival goods, as well as excludable and nonexcludable goods.
Related questions
Public Goods Are Nonrival in ________ and Their ________ Are ...
A ________ Is Nonrival in Consumption and Listeners Are Nonexcludable ...
A ________ Is Rival in Consumption and Viewers Are Excludable ...
If, at a Low Cost, You Cannot Prevent a Person ...
If One Person's Enjoyment of the Benefits of a Good ...