What term describes a good from which individuals can be prevented from accessing or using it?

Multiple choice question for Public Goods. Select an option, then review the explanation below.

Explanation

A good is considered excludable if it is possible to stop people from using it. Common resources are goods that are rivalrous but not excludable. Public goods are neither rivalrous nor excludable. Rival goods are those where one person's use diminishes availability to others.

Practice related questions from the same subject.

1.Which of the following best illustrates a common resource?
2.Which type of good is impacted by a negative externality in a way that reduces market efficiency?
3.Which type of good does a positive externality influence market efficiency similarly to?
4.Who is described as a free rider in economic terms?
5.Why do private markets struggle to supply public goods effectively?

What term describes a good from which individuals can be prevented from accessing or using it?

Explanation

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