Economics · Public Goods and Goods Classification
Match the following concepts with their correct descriptions: List I 1. Excludability 2. Rivalry 3. Public Good 4. Common Resource List II P. Benefit extends to all regardless of payment Q. One person's use reduces another's availability R. It is possible to prevent non-payers from consuming S. Non-excludable but rivalrous in consumption
- 11-Q, 2-R, 3-S, 4-P
- 21-R, 2-P, 3-Q, 4-S
- 31-P, 2-Q, 3-R, 4-S
- 41-R, 2-Q, 3-P, 4-S✓
Correct answer
1-R, 2-Q, 3-P, 4-S
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