[TOEFL iBT] Organization and Categorization Trap Dissection | AceThePrep

TOEFL iBTListeningOrganization and Categorization

Level 2 Trap Drill

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Audio Transcript Excerpt: PROFESSOR: 'In economics, goods are categorized into four distinct classes based on two binary criteria: excludability and rivalry in consumption. A good is excludable if it is possible to prevent people who do not pay for it from consuming it; a good is rival if one person's consumption diminishes another's ability to consume it. Private goods—like an apple or a car—are both excludable and rival. Club goods—like subscription satellite radio—are excludable but non-rival. Common-pool resources—such as ocean fisheries—are rival but non-excludable. Finally, public goods—such as national defense or clean air—are neither rival nor excludable.'

In which category does the professor place ocean fisheries?

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Practice More TOEFL iBT Organization and Categorization Questions

Take the interactive diagnostic drill with real-time distractor analysis, Desmos calculator, and SM-2 spaced repetition.

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Practice More TOEFL iBT Organization and Categorization Questions

More Organization and Categorization Questions in TOEFL iBT

Practice More TOEFL iBT Organization and Categorization Questions

More Organization and Categorization Questions in TOEFL iBT