0
You visited us 0 times! Enjoying our articles? Unlock Full Access!
Question

Which of the following is an economic good?
  1. Sunshine
  2. Air
  3. Rainfall
  4. A bottle of water

A
Rainfall
B
Sunshine
C
A bottle of water
D
Air
Solution
Verified by Toppr

Goods are divided as free goods and economic goods. Free goods are those goods which are free of cost and economic goods are available for a particular price. Among the given options, sunshine, rainfall and air are examples of free goods and a bottle of water is an example of economic good.

Was this answer helpful?
5
Similar Questions
Q1

Water contained in a metallic water bottle is an example of:


View Solution
Q2
Which of the following is a better estimate for the capacity of a bottle of water?
View Solution
Q3

oojho took an empty plastic bottle, turned it upside down and dipped its open mouth into a bucket filled with water. He then tilted the bottle slightly and made the following observations.​

​(i) Bubbles of air came out from the bottle.​

(ii) Some water entered the bottle.​

(iii) Nitrogen gas came out in the form of bubbles and oxygen gets dissolved in water.​

(iv) No bubbles formed, only water entered the bottle​

​Which observations is/are correct?


View Solution
Q4
A deflated balloon fitted to the mouth of an empty bottle gets inflated as soon as the bottle is dipped halfway through into a bath of hot water. Which of the following could be inferred from this activity?
View Solution
Q5
Which of the following places possibly face economic scarcity of water?
View Solution