If the consumption of good by one person does not reduce the quantity – McqOptions

MCQOPTIONS

1.	If the consumption of good by one person does not reduce the quantity available by others and nobody can be easily excluded from consumption, we are referring to a ?
A.	Private good
B.	merit good
C.	public good
D.	abundant good
Answer» D. abundant good

Discussion

No Comment Found

Related MCQs

<p> A public good will ?</p>
<p> Satellite television subscription and television detection devices are ways in which broadcasting companies address the ________ problem?</p>
<p> A positive externality occurs when ?</p>
<p> An increase (rightward shift) in the demand for a good will tend to cause ?</p>
<p> If the price of good is below the equilibrium price ?</p>
<p> Which of the following statements is true about the impact of an increase in the price of lettuce ?</p>
<p> Market failure may arise because of ?</p>
<p> Suppose consumer tastes shift toward the consumption of apples Which of the following statements is an accurate description of the impact of this event on the market for apples ?</p>
<p> A good example of a public good is ?</p>
<p> Suppose there is an increase in both the supply and demand for personal computers. In the market for personal computers, we would expect?</p>