Asked by Amber Koeuth on May 02, 2024
Verified
If one person's enjoyment of the benefits of a good ________ with another's consumption of it, the good is nonrival in consumption. This is a characteristic of a ________ good.
A) interferes; public
B) interferes; private
C) does not interfere; private
D) does not interfere; public
Nonrival Consumption
A characteristic of certain goods where one person's consumption does not limit or diminish another's ability to consume the same good.
Public Good
Free goods or services are available to all individuals in a society, offered by the government or private entities, excluding profit motives.
- Comprehend the principles of public and private goods along with their distinctive features.
- Differentiate between goods that are rivalrous vs. nonrivalrous, and those that are excludable vs. nonexcludable.
Verified Answer
RN
Rashaylin NaidooMay 09, 2024
Final Answer :
D
Explanation :
If one person's enjoyment of the benefits of a good does not interfere with another's consumption of it, the good is considered nonrival in consumption, which is a characteristic of a public good.
Learning Objectives
- Comprehend the principles of public and private goods along with their distinctive features.
- Differentiate between goods that are rivalrous vs. nonrivalrous, and those that are excludable vs. nonexcludable.
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