ECONOMICS 301
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ECONOMICS 301 Microeconomics Unit 4 milestone 4
- Exam (elaborations) • 9 pages • 2021
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A(n) __________ good is one that, when consumed by one person, 
cannot be consumed by another. 
 
non-exclusive 
 
rivalrous 
 
exclusive 
 
non-rivalrous 
CONCEPT 
Public Goods, Private Goods, and the “Tragedy of the Commons” 
2 
When a business owner uses process mapping, an activity is marked 
by __________. 
 
a diamond 
 
a circle 
 
a box or rectangle 
 
an oval 
CONCEPT 
Process Mapping--Efficiency 
3 
Sarah is a great teacher; however, she struggles with the t...
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ECONOMICS 301 TEST BANK FOR CHAPTER 4: UNCERTAINTY
- Exam (elaborations) • 6 pages • 2021
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ECONOMICS 301 TEST BANK FOR CHAPTER 4: UNCERTAINTY
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