Question

Excludability is the property of a good whereby

A. a person can be prevented from using it.
B. the resource is congestible.
C. the government rations the quantity of a good that is available.
D. one person's use diminishes other peoples' use.

Answer 1

Excludability refers to the ability to prevent someone from using a good, which contrasts with non-excludable goods that anyone can use, such as public goods like national defense.

Step-by-step explanation:

The property of a good whereby a person can be prevented from using it is known as excludability. When a good is excludable, not everyone has access to it; typically, only those who pay for the good or service may use it. This is in contrast to non-excludable goods, where no one can be excluded and anyone can use the good or service, often without any charge.

Public goods are a common example of non-excludable and non-rival goods, meaning they are freely available to everyone and one person's use does not diminish another's opportunity to use it. For instance, national defense is a public good because it is both non-excludable, as it protects all citizens without the possibility of excluding anyone, and non-rival, since one person benefiting from national defense does not prevent others from also being protected.

Answer 2

A. a person can be prevented from using it.

Step-by-step explanation:

Excludability -

In economics , a good or service is refereed to as excludable , when it is not allowed to be consumed or used by the consumers who have not paid for the good or services .

And , similarly , non - excludable are the one when a non - paying consumer ca not be prevented from using it .

Hence , the correct statement for Excludability is ( a ) .