Which of the following is an example of a nonrival good?Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.afoodban automobileca view of the sun risingdpublic housingea private apartment
Question
Which of the following is an example of a nonrival good?Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.afoodban automobileca view of the sun risingdpublic housingea private apartment
Solution
The correct answer is "c. a view of the sun rising".
Here's why:
A nonrival good is a type of good where one person's use does not diminish the ability of another person to use the good.
a. Food - This is a rival good because if one person eats a piece of food, another person cannot eat that same piece.
b. An automobile - This is also a rival good because if one person is using a car, another person cannot use the same car at the same time.
c. A view of the sun rising - This is a nonrival good because one person watching the sunrise does not prevent another person from doing the same.
d. Public housing - This is a rival good because if one family is living in a public housing unit, another family cannot live in the same unit at the same time.
e. A private apartment - This is also a rival good because if one person is living in an apartment, another person cannot live in the same apartment at the same time.
So, the only nonrival good in the list is "c. a view of the sun rising".
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