When consumption is rival and excludable, the product is a

Related MCQs

• When consumption of a good is non-rival and non-excludable, the good is a
• Non-rival consumption is the feature of ..............
• A good or service or a resource is non-excludable if
• A good or service or a resource is excludable if
• A good or service or a resource is non-rival if
• If the consumption of Good A by one person does not decrease the consumption of Good A by another person, then the good is said to
• Pure private goods are those for which consumption is
• During the process of economic development, the share of public expenditure to Gross Domestic Product tends to expand. This is called:
• _________ is a broad based and a single comprehensive tax levied on goods and services consumed in an economy
• The movement from older level of expenditure and taxation to a new and higher level is called