Which of the following goods is both excludable and rival in consumption?
A)a wristwatch
B)fire protection in a small town
C)fish in the ocean
D)efforts to fight poverty

Question

Quizplus · Accepted Answer

A wristwatch is excludable because it can be owned privately and its use can be restricted to the owner, and it is rival in consumption because once the owner is using it, no one else can use it at the same time. Fire protection in a small town is only excludable because it can be legally enforced, but it is not rival in consumption because if one household is protected from a fire, it does not decrease the protection available to other households. Fish in the ocean are not excludable because they can be accessed by anyone, and they are also non-rival in consumption because one person's consumption does not reduce the availability of fish for others. Efforts to fight poverty are not goods or services; they are non-excludable and non-rivalrous ideas, policies, or actions.

Which of the Following Goods Is Both Excludable and Rival