A good that is rival but nonexclusive is called
a. a private good
b. a public good
c. a quasi-private good
d. an external good
e. an open access good
E
Economics
You might also like to view...
The circular flow shows that
A) aggregate production equals aggregate expenditure. B) aggregate expenditure is less than aggregate income. C) GDP equals aggregate income. D) Both answers A and C are correct.
Economics
All of the following are devices that governments can use to achieve a more efficient allocation of resources in the presence of external benefits EXCEPT
A) vouchers. B) private subsidies. C) marketable permits. D) public provision.
Economics