Nonrivalry and nonexcludability are the main characteristics of:

A) consumption goods.
B) capital goods.
C) private goods.
D) public goods.

Question

Nonrivalry and nonexcludability are the main characteristics of:A)  consumption goods.B)  capital goods.C)  private goods.D)  public goods.

Inderpreet Rattol · Accepted Answer

Final Answer : D, Explanation :  Public goods are nonrivalrous, meaning that one person's consumption of the good does not diminish the amount available for others, and nonexcludable, meaning that it is difficult to prevent people from using or benefiting from the good. This is in contrast to private goods, which are both rivalrous (one person's consumption reduces the amount available for others) and excludable (it is easy to prevent people from accessing the good). Capital goods and consumption goods may or may not be rivalrous or excludable, depending on the specific good in question.

Nonrivalry and nonexcludability are the main characteristics of:

A) consumption goods.
B) capital goods.
C) private goods.
D) public goods.

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Learning Objectives

Learning Objectives

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