Question

If the owner of a type of technology is able to successfully preclude others from using...

If the owner of a type of technology is able to successfully preclude others from using the good, this type of technology could be classified as a(n)

excludable good.
rival good.
nontradable good.
nonexcludable good.
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Answer #1

Option A.

  • If the owner of a type of technology is able to successfully preclude or prevent other's from using the good, this type of technology could be classified as an excludable good.
  • An excludable good is a type of good that can exclude others from using or accessing it. It usually excludes people who hasnt paid for that good.
  • Since the technology can prevent other people from accessing it, it is termed as an excludable good.
  • Other examples of excludable goods are : private goods like food, clothing etc.
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