Classify each of the following items as excludable, nonexcludable, rival, or nonrival. Homeland security is ______...
Classify each of the following items as excludable, nonexcludable, rival, or nonrival.
Homeland security is ______ and ______.
A.rival;excludable
B. rival;nonexcludable
C. nonrival; nonexcludable
D. nonrival;excludable
Upper A view of the Liberty Bell is ______ and ______.
A. nonrival; excludable
B.rival; excludable
C.nonrival; nonexcludable
D. rival; nonexcludable
Homework Answers
a) Home land security is a non excludable and non rival good, i.e. no one can be stopped from receiving its benefit and if someone benefit from its its value doesn't reduce.
the answer is "C".
b) "A"
it is non rival but it is excludable. i.e. we can be stopped from going there but the value of that view will not decrease.
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