Goods that are nonrival in consumption and nonexcludable are _____ goods.
A)common resource
B)private
C)public
D)normal

Question

Quizplus · Accepted Answer

Goods that are nonrival in consumption, meaning their use by one person does not diminish their availability to others, and nonexcludable, meaning individuals cannot be effectively excluded from using the good, are considered public goods. Common resources, on the other hand, are rivalrous in consumption but nonexcludable, such as fish in a public lake, while private goods are both rivalrous in consumption and excludable, such as a car. Normal goods refer to goods for which demand increases as income increases.

Goods That Are Nonrival in Consumption and Nonexcludable Are _____