If the consumption of a good or service by one person does not decrease the quan

Question

If the consumption of a good or service by one person does not decrease the quantity available for another person, the good or service is nonexcludable. pure. free. nonrival. In our macro example using the PPC model, according to the Keynesian school of thought, the economy is typically: inside the PPC frontier implying 0% opportunity cost to government stabilization efforts. inside the PPC frontier implying 100% opportunity cost to government stabilization efforts. on the frontier of the PPC frontier implying 0% opportunity cost to government stabilization efforts. on the frontier of the PPC frontier implying 100% opportunity cost to government stabilization efforts.

Explanation / Answer

9

nonrival

best example is the police service that does not decrease

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