Question

The best example of a good that is excludable in consumption is: a park. an ocean. a bicycle. national defense.

Answer 1

Answer: A bicycle

Explanation: the best example for an excludable good is a bicycle. An excludable good is that one which, if used by one person is no longer available for others to use. Considering the above definition, the best good that will fit is a bicycle because if one person is using it the other person will have to wait before he or she can ride it hence it is an excludable good.

Answer 2

The best example of a good that is excludable in consumption is a bicycle.
If it is possible to prevent people (consumers) who have not paid for it from having access to it then the good is excludable.
So, according this the bicycle is an excludable good.