Which of the following are public goods and which are not?
Homework Answers
Which of the following is excludable? Public goods Private goods Common goods Collective goods
Which of the following is excludable? Public goods Private goods Common goods Collective goods
Which of the following is a characteristic that the market for public goods and the market...
Which of the following is a characteristic that the market for public goods and the market for perfectly competitive goods share? Increasing returns to scale Rivalry of goods Excludability of goods None of these
LU 8-9 PUBLIC GOODS What are the characteristics of public goods? How do pure public goods...
LU 8-9 PUBLIC GOODS What are the characteristics of public goods? How do pure public goods differ than pure private goods? Why is the marginal cost of allowing another consumer to enjoy the benefits of a pure public good always zero even though the marginal cost of producing the good is positive? How do congestible public goods differ than the pure public goods? How does the demand for a pure public good differ than that of a pure private good?...
Which of the following statements is (are) correct? (x) Both public goods and club goods are...
Which of the following statements is (are) correct? (x) Both public goods and club goods are nonrivalrous in consumption but club goods are excludable and public goods are nonexcludable and both common resources and private goods are rivalrous in consumption but private goods are excludable and common resources are nonexcludable. (y) Ralph owns 10 acres of beautiful wooded land. Ralph donates the land to the state with the understanding that the land will be used as a state park. This...
Question 30 1 pts Which of the answer choices gives a FALSE statement about public goods?...
Question 30 1 pts Which of the answer choices gives a FALSE statement about public goods? O Markets usually fail to provide a socially efficient amount of public goods. O Free-riders are a common problem with providing public goods. O Public goods are most often provided by the government. O The market will tend to oversupply public goods.
circumstances under which public financial management might be appropriate to goods, works and services
circumstances under which public financial management might be appropriate to goods, works and services
What is the economist’s definition of public goods? Why are public goods associated with market failure?...
What is the economist’s definition of public goods? Why are public goods associated with market failure? How do the free rider problem and shirking contribute to this form of market failure?
All of the examples listed below, with one exception, are public goods which at times might...
All of the examples listed below, with one exception, are public goods which at times might possibly lose some of their public good properties due to congestion. Which example is an exception? A. A large urban nonprofit hospital. B. A small nonprofit clinic for homeless people funded by a charitable organization. C. Emergency departments of county-run hospitals. D. Discoveries made through medical research. E. A chain of free methadone clinics in a large city
73. The free-rider problem may arise in the case of _______ a. club goods b. inferior goods c. private goods d. public g...
73. The free-rider problem may arise in the case of _______ a. club goods b. inferior goods c. private goods d. public goods 74. Which of the following is likely to have a free-rider problem? a. On-the-job training programs b. Movie DVDs c. Mobile phones d. Environmental protection programs 75. Which of the following is not a solution to the tragedy of the commons? a. granting a subsidy of the use of the common resource b. levying a tax on...
Contrast public goods with private goods and give examples of each.
Contrast public goods with private goods and give examples of each.
Which of the following is a characteristic that the market for public goods and the market for perfectly competitive goods share? Increasing returns to scale Rivalry of goods Excludability of goods None of these
Question 30 1 pts Which of the answer choices gives a FALSE statement about public goods? O Markets usually fail to provide a socially efficient amount of public goods. O Free-riders are a common problem with providing public goods. O Public goods are most often provided by the government. O The market will tend to oversupply public goods.
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