Question

Classify each example according to whether it represents a rivalrous, nonrivalrous, excludable or nonexcludable good.

Answer 1

Answer: This can be explained as follows :-

Explanation: If the individuals can be prevented from consuming a good, for which they have not paid anything then such goods are called excludable and if they cannot be prevented then nonexcludable.

Similarly, If the consumption of good by one prevents another's consumption then it is called  rivalrous and if not then nonrivalrous.

So from the above we can conclude that ,

A. nonrivalrous and nonexcludable

B. nonrivalrous and excludable

C. rivalrous and excludable

D.  rivalrous and  nonexcludable