The BEST example of a good that is excludable in consumption is:
A) a park.
B) an ocean.
C) a bicycle.
D) national defence.

Question

Quizplus · Accepted Answer

A good is considered excludable if it is possible to prevent someone from using or consuming it if they do not pay for it. A bicycle is an example of an excludable good because it can be locked or kept in a private place, preventing others from using it without permission or payment. The other options are not fully excludable: a park and an ocean can be accessed by anyone, although there may be fees for certain services or activities within them, and national defence is a public good that cannot be excluded from anyone.

The BEST Example of a Good That Is Excludable in Consumption