A good which is nonrival and nonexcludable is
A) a public good.
B) a private good.
C) a social good.
D) an externality.
A
Economics
You might also like to view...
Describe the health care industry
What will be an ideal response?
Economics
Which of the following best describes the substitution effect caused by a price increase?
a. A change in consumption due to the fact that you will not buy goods whose marginal value is below the new price. b. A change in consumption due to the fact that you cannot afford your original market basket. c. A smaller percentage change in quantity than in price. d. A larger percentage change in quantity than in price.
Economics