Multiple Choice
A slice of pizza is:
8. The Types of Goods
Four Types of Goods and Two Characteristics
Struggling with Microeconomics?
Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
An example of an excludable good is:
A
The court system
B
Public roads
C
National Defense
D
MP3 downloads
Verified step by step guidance1
Understand the concept of excludability: An excludable good is one where it is possible to prevent people who have not paid for it from having access to it.
Analyze each option: Consider whether it is possible to exclude non-payers from using each good.
The court system: Generally, access to the court system is not restricted based on payment, so it is non-excludable.
Public roads: These are typically available for use by everyone, making them non-excludable, although toll roads can be an exception.
National Defense: This is a classic example of a non-excludable good because it protects all citizens regardless of individual payment.
5:02mWatch next
Master Two Characteristics:Rivalry in Consumption and Excludability with a bite sized video explanation from Brian
Start learningRelated Videos
Related Practice
Four Types of Goods and Two Characteristics practice set
Problem sets built by lead tutorsExpert video explanations