Homework Answers
1.
Correct Answer:
C
It is the private good that is rivalrous as well as excludable in nature. So, these type of goods are termed as private goods.
Examples are car and private house.
Add Answer to:
IPLE CHOICE. Choose the one alternative that be 1) When a good is rival and excludable,...
A(n) is excludable and rival in consumption. artificially scarce good O private good O common resource...
A(n) is excludable and rival in consumption. artificially scarce good O private good O common resource O public good
3) When a city street is not congested, it is A) a private good. B) a...
3) When a city street is not congested, it is A) a private good. B) a public good. C) rival and excludable. D) a common resource E) rival and nonexcludable.
69. Which of the following is the best example of a public good? a. Music downloads...
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 ________....
1. If you can prevent someone from consuming a good, that good is called A. nonrival....
1. If you can prevent someone from consuming a good, that good is called A. nonrival. B. rival. C. excludable. D. a public good. E. nonexcludable. 2. To hunters, deer in the woods are an example of a A. private good. B. natural monopoly. C. public good. D. common resource. E. public resource. 3. _________ are public goods. If bureaucrats want to ensure the efficient quantity is produced, _______. A. Factories; marginal social cost must be greater than marginal cost....
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
1)Which of the following will result in the most deadweight loss? A.a natural monopoly regulated with...
1)Which of the following will result in the most deadweight loss? A.a natural monopoly regulated with average cost pricing B.a natural monopoly regulated with average variable cost pricing C.an unregulated natural monopoly D.a natural monopoly regulated with marginal cost pricing 2)A good or service or a resource is nonexcludable if A.it is not possible to prevent someone from benefiting from it. B.it is possible to prevent someone from enjoying its benefits. C.its use by one person decreases the quantity available...
1) Explain what is meant by a good being "excludable."? 2) Explain what is meant by...
1) Explain what is meant by a good being "excludable."? 2) Explain what is meant by a good being "rival in consumption."? 3) Define and give an example of a public good. Is it likely that the private market provide this good on its own? Explain. 4) Define and give an example of a common resource. Without government intervention, will people use this good too much or too little? Why?
7) Free riding can occur if a good is A) nonexcludable and nonrival. B) excludable and...
7) Free riding can occur if a good is A) nonexcludable and nonrival. B) excludable and rival. C) a private good. D) nonexcludable and rival E) excludable and nonrival.
1) Give an example of a public good that you consume. → Explain how it...
1) Give an example of a public good that you consume. → Explain how it is neither excludable nor rival in consumption. 2) Give an example of a club good that you consume. → Explain how it is excludable but not rival in consumption. 3) Give an example of a private good that you consume. → Explain how it is both excludable and rival in consumption. 4) Give an example of a common resource that you consume....
Answer the following questions: 1) Give an example of a public good that you consume. ...
Answer the following questions: 1) Give an example of a public good that you consume. → Explain how it is neither excludable nor rival in consumption. 2) Give an example of a club good that you consume. → Explain how it is excludable but not rival in consumption. 3) Give an example of a private good that you consume. → Explain how it is both excludable and rival in consumption. 4) Give an example of a common...
A(n) is excludable and rival in consumption. artificially scarce good O private good O common resource O public good
3) When a city street is not congested, it is A) a private good. B) a public good. C) rival and excludable. D) a common resource E) rival and nonexcludable.
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
7) Free riding can occur if a good is A) nonexcludable and nonrival. B) excludable and rival. C) a private good. D) nonexcludable and rival E) excludable and nonrival.
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