A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · Oct/Nov 2019 · Q31 Mark

A good’s defining quality is that its consumption by one person prevents its consumption by someone else. How is this good classified?

Afree good

Bnon-excludable good

Cnon-rival good

Dprivate good

✓ Correct answer

D: private good

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Topic: Basic economic ideas and resource allocation, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Oct/Nov 2019 Paper 1 Variant 2, question 3.

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