Question

69. Which of the following is the best example of a public good?

a. Music downloads

b. Designer clothes

c. Natural forests

d. National defense

70. A street light is a ________.

a. common pool resource good

b. club good

c. private good

d. public good

71. A congested street is ________ in consumption.

a. non-excludable but rival

b. non-excludable and non-rival

c. excludable but non-rival

d. excludable and rival

72. The free-rider problem exists for goods that are ________.

a. non-excludable

b. excludable

c. free

d. rival

Answer 1

69.There is no rivalry nor excludability in consumption of defense services.

Answer-D

70.A street light is a public good because of no rivalry and non excludability in consumption.

Answer-D

71.A conjested street is rival but not excludable.

Answer-A

72.Free rider problem exists for free goods.

Answer-C