Asked by
Travis Patteson
on Nov 25, 2024Verified
Toll-free roads sometimes get congested, such as during rush-hour traffic. During those times, we would say that these roads are
A) excludable and rival.
B) excludable and nonrival.
C) nonexcludable and nonrival.
D) nonexcludable and rival.
Toll-free Roads
are roads for which no fee is charged for use, allowing unrestricted travel without financial cost.
Congested
Refers to situations where the demand for a particular resource outstrips its supply, often leading to overcrowding or delays.
Rush-hour
Peak traffic times in urban areas, typically occurring in the morning and evening, when demand for public and private transportation is highest.
- Comprehend the economic concepts of nonrivalry and nonexcludability in the context of public goods.
Verified Answer
BT
Learning Objectives
- Comprehend the economic concepts of nonrivalry and nonexcludability in the context of public goods.