Goods that are excludable include both
A. club goods and public goods.
B. public goods and common resources.
C. common resources and private goods.
D. private goods and club goods.
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Both public goods and common resources are
A. rival in consumption.
B. nonrival in consumption.
C. excludable.
D. nonexcludable.
Hoa owns 40 acres of land. Hoa sells the land to a real estate developer who builds a subdivision with 20 houses. The land is an example of a good that is
A. both rival in consumption and excludable.
B. neither rival in consumption nor excludable.
C. excludable, but not rival in consumption.
D. rival in consumption, but not excludable.
Which of the following would not be considered a private good?
A pencil
B. A sweater
C. A jeep
D. Cable TV service
People cannot be prevented from using a good if the good is a
A. private good or a public good.
B. private good or a common resource.
C. public good or a common resource.
D. public good or a club good.