Homework Answers
Option (d).
The fish in the rivers are rival in consumption (since consumption of fish by one person reduces the amount available for consumption by others), but are non-excludable. So these are common resource.
Add Answer to:
In the valley a few rivers beautiful on which is allowed to fish for a fee. Which of the following is correct? Choose o...
One night only when traffic on the Hvalfjörður Tunnel is almost there is no one decided...
One night only when traffic on the Hvalfjörður Tunnel is almost there is no one decided to have a free tunnel and no one has to pay a fee to use it. In these circumstances, the Whaleigh Tunnel can be regarded as Choose one: a. Private quality b. Common resource c. Natural Monopoly d. None of this e. Public good
IPLE CHOICE. Choose the one alternative that be 1) When a good is rival and excludable,...
IPLE CHOICE. Choose the one alternative that be 1) When a good is rival and excludable, it is a A) natural monopoly. B) public good. C) private good. D) common resource. E) regulated good.
Which of the following statements is (are) correct? (x) A good is nonexcludable if it is prohibitively costl...
Which of the following statements is (are) correct? (x) A good is nonexcludable if it is prohibitively costly to prevent people from using it. (y) When a good is rivalrous in consumption, it means that one person’s use of the good will not diminish another person’s ability to use it, and, as a consequence, more than one person can use the good at the same time. (z) A shirt would be considered a private good because it is excludable and...
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...
Which of the following goods would be considered a common resource? A. a rural road because...
Which of the following goods would be considered a common resource? A. a rural road because it is nonrivalrous and nonexcludable B. bottled natural mineral water because it is excludable and rivalrous C. a congested public park because it is rivalrous and nonexcludable D. All of the above E. A and B, only Market failure occurs with common resources because A. consumption can be privately profitable even when it is socially undesirable. B. when one person uses it other people...
Question 23 2.5 pts Dick owns a dog whose barking annoys Dick's neighbor Jane. Dick receives...
Question 23 2.5 pts Dick owns a dog whose barking annoys Dick's neighbor Jane. Dick receives personal benefit from owning the dog, and Jane bears a cost of Dick's ownership of the dog. Assuming Jane has the legal right to peace and quiet, which of the following statements is correct? If Jane's cost exceeds Dick's benefit, Dick will pay Jane to keep his dog. Dick will pay to keep his dog if his benefit exceeds Jane's cost. If Jane has...
Please help me solve these for my final!! 1. Which of the following is an example...
Please help me solve these for my final!! 1. Which of the following is an example of a social dilemma? a) Traffic congestion b) Climate change c) Deforestation d) litter e) all of the above. 2. Competitive markets generate efficient allocations of: a) private goods b) common pool resources c) artificially-scarce public goods d) non-excludable public goods e) all of the above 3. In which of the following markets is the equilibrium efficient? a) Market for differentiated good b) Market...
Question 1 Which of the following has been defined as an economic resource of production? Money...
Question 1 Which of the following has been defined as an economic resource of production? Money Demand Markets Capital All of the above D Question 2 Which of the following would be a micro economic topic? • Determining what will occur in the market for oranges when there is an early freeze. Determining what will occur to inflation when the government increases taxes, Determining the affects of a war in Iraq on the price of steel. Botha and None of...
Q1 Which of the following are included and which are excluded in calculating this year's GDP....
Q1 Which of the following are included and which are excluded in calculating this year's GDP. Explain in each instance. a. A monthly scholarship cheque received by an economics student b. The purchase of an almost new tractor by farmer Kojo C. The cashing in of a savings bond d. An increase in business inventories e. Tim Horton's purchases a corner grocery store f. Fearless Qweenie Kong, a stuntwoman, purchases a life insurance policy for a billion dollars ($) g....
After reading the exceprt from Hardin's essay, discuss the following questions with your class After reading...
After reading the exceprt from Hardin's essay, discuss the
following questions with your class
After reading the excerpt from Hardin's essay, discuss the following questions with your class 1. What is Garret Hardin most concerned about? 2. How can "the commons" best be defined? 3. Are individuals who overuse "the commons" acting irrationally? Explain. 4. Besides the "common pasture", what other resources does Hardin identify as "commons"? 5. What are some of the po Some of the possible solutions he...
One night only when traffic on the Hvalfjörður Tunnel is almost there is no one decided to have a free tunnel and no one has to pay a fee to use it. In these circumstances, the Whaleigh Tunnel can be regarded as Choose one: a. Private quality b. Common resource c. Natural Monopoly d. None of this e. Public good
IPLE CHOICE. Choose the one alternative that be 1) When a good is rival and excludable, it is a A) natural monopoly. B) public good. C) private good. D) common resource. E) regulated good.
Question 23 2.5 pts Dick owns a dog whose barking annoys Dick's neighbor Jane. Dick receives personal benefit from owning the dog, and Jane bears a cost of Dick's ownership of the dog. Assuming Jane has the legal right to peace and quiet, which of the following statements is correct? If Jane's cost exceeds Dick's benefit, Dick will pay Jane to keep his dog. Dick will pay to keep his dog if his benefit exceeds Jane's cost. If Jane has...
Question 1 Which of the following has been defined as an economic resource of production? Money Demand Markets Capital All of the above D Question 2 Which of the following would be a micro economic topic? • Determining what will occur in the market for oranges when there is an early freeze. Determining what will occur to inflation when the government increases taxes, Determining the affects of a war in Iraq on the price of steel. Botha and None of...
Q1 Which of the following are included and which are excluded in calculating this year's GDP. Explain in each instance. a. A monthly scholarship cheque received by an economics student b. The purchase of an almost new tractor by farmer Kojo C. The cashing in of a savings bond d. An increase in business inventories e. Tim Horton's purchases a corner grocery store f. Fearless Qweenie Kong, a stuntwoman, purchases a life insurance policy for a billion dollars ($) g....
After reading the exceprt from Hardin's essay, discuss the
following questions with your class
After reading the excerpt from Hardin's essay, discuss the following questions with your class 1. What is Garret Hardin most concerned about? 2. How can "the commons" best be defined? 3. Are individuals who overuse "the commons" acting irrationally? Explain. 4. Besides the "common pasture", what other resources does Hardin identify as "commons"? 5. What are some of the po Some of the possible solutions he...
Most questions answered within 3 hours.
-
Romeo wishes to throw a bouquet of flowers to Juliet, who is on
a second-story balcony,...
asked 11 minutes ago -
Why is QE a controversial monetary policy tool.
A. It may lead to excessive inflation.B. By...
asked 28 minutes ago -
A finite potential well has depth U0 = 2.78 eV . What is the
penetration distance...
asked 53 minutes ago -
1. The bus bars of a power station are in two sections A and B
separated...
asked 52 minutes ago -
Fiscal policy is the deliberate manipulation of taxes and
government spending to alter GDP, employment, inflation...
asked 1 hour ago -
evaluating an expression using only one digit and + and - as
operators ....3+5-1+7-5+8
-----------------------
stack...
asked 1 hour ago -
Two concentric current loops lie in the same plane. The smaller
loop has a radius of...
asked 2 hours ago -
1)Which of the following is an
important difference between qualified and nonqualified retirement
plans?
a. Qualified...
asked 2 hours ago -
What's the streaming business's problem on the
horizon?
asked 3 hours ago -
I need help with writing the conclusion for this online lab
report
Abstract
By testing the...
asked 3 hours ago -
For the reaction 1N2+3H2-----> 2NH3, would the reaction rate
trend be: delta[NH3]/ delta t = -2...
asked 4 hours ago -
Within your current/past organization, identify a problem/issue
and format a design to address same. You may...
asked 3 hours ago