Homework Answers
The correct answer is option A i.e., non rival and non excludable.
Because free rider is a problem related to public goods where the person who does not pay anything for the good is also enjoying the benefit from using the goods.This is purely a concept of public goods which are non rival and non excludable in nature.
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7) Free riding can occur if a good is A) nonexcludable and nonrival. B) excludable and...
5. Tollway fee is characterized as: a.) Nonrival and excludable b.) Nonrival and nonexcludable c.) Rival...
5. Tollway fee is characterized as: a.) Nonrival and excludable b.) Nonrival and nonexcludable c.) Rival and nonexcludable d.) Rival and excludable
A physical DVD disc is a(n) _____ good, while a streaming video that can be used...
A physical DVD disc is a(n) _____ good, while a streaming video that can be used by multiple paying users is _____. a) excludable; nonexcludable b) nonrival; rival c) nonexcludable; excludable d) rival; nonrival
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....
Question 4 (1 point) Which statement describes a public good? a) It is rival in consumption...
Question 4 (1 point) Which statement describes a public good? a) It is rival in consumption and nonexcludable. b) It is nonrival in consumption and nonexcludable. c) It is nonrival in consumption and excludable. d) It is rival in consumption and excludable.
Perfectly competitive, unregulated markets with no externalities will provide the efficient level of a. public goods...
Perfectly competitive, unregulated markets with no externalities will provide the efficient level of a. public goods b. private goods. c. common property resources. d. none of these goods is efficiently provided in perfectly competitive markets. e. all of these goods are efficiently provided in perfectly competitive markets. f. artificially scarce goods Public goods, such as free radio and national parks, are a. nonexcludable and nonrival. b. The same as private goods but supplied by the government. c. excludable and nonrival....
6) Although both cable television and air-traffic control are nonrival, they differ from each other because...
6) Although both cable television and air-traffic control are nonrival, they differ from each other because A) cable television is nonexcludable and air-traffic control is a public good. B) cable television is nonexcludable and air-traffic control is excludable C) cable television is excludable and air-traffic control is nonexcludable. D) cable television is a private good and air-traffic control is a public good. E) cable television is a public good and air-traffic control is a private 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.
The "free rider problem" arises from the fact that a public good asymmetric rivalrous excludable nonexcludable...
The "free rider problem" arises from the fact that a public good asymmetric rivalrous excludable nonexcludable nonrivalrous
1)When consumption of a good is nonrival and nonexcludable, the good is a A. mixed good....
1)When consumption of a good is nonrival and nonexcludable, the good is a A. mixed good. B. private good. C. service. D. public good. 2)An externality can be a A.benefit but not a cost. B.cost but not a benefit. C.cost or a benefit. D.marginal cost but not a total cost 3) An externality occurs when A.the marginal social cost of an activity increases as that activity is increased. B.some of the costs of producing a good are paid by someone...
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...
Question 4 (1 point) Which statement describes a public good? a) It is rival in consumption and nonexcludable. b) It is nonrival in consumption and nonexcludable. c) It is nonrival in consumption and excludable. d) It is rival in consumption and excludable.
6) Although both cable television and air-traffic control are nonrival, they differ from each other because A) cable television is nonexcludable and air-traffic control is a public good. B) cable television is nonexcludable and air-traffic control is excludable C) cable television is excludable and air-traffic control is nonexcludable. D) cable television is a private good and air-traffic control is a public good. E) cable television is a public good and air-traffic control is a private 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.
The "free rider problem" arises from the fact that a public good asymmetric rivalrous excludable nonexcludable nonrivalrous
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