Econ Class Quiz 6 Ec2100

Quiz Submissions - Topic 06 Quiz Top of FormSelome Worku (username: selome.worku1)Attempt 1Written: Apr 12, 2018 3:04 AM - Apr 12, 2018 3:50 AMSubmission ViewYour quiz has been submitted successfully.Question 11 / 1 pointA good is nonexcludable ifA) it is also nonrival.B) when you consume a unit, that means there is no less for someone else.C) when you pay for the good, you are guaranteed to be the sole consumer.D) nobody can be excluded from enjoying the benefits of the good.E) only the government can produce it.Question 21 / 1 pointIf you can prevent someone from consuming a good, that good is calledA) rival.B) nonrival.C) excludable.D) nonexcludable.E) a public good.Question 31 / 1 pointA good is rival ifA) it has substitutes.B) it is excludable.C) it has no complements.D) it can be consumed by many people simultaneously.E) consumption by one person decreases the quantity available for another person.Question 41 / 1 pointA private good is defined as a good or serviceA) that is nonrival and nonexcludable.B) that is rival and nonexcludable.C) that is rival and excludable.D) that is something tangible.E) produced by a single country.Question 51 / 1 pointThe free-rider