40. Public Goods (part 1) Question Preview (ID: 50840)


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Something anyone can use and we can all use at the same time
a) private goods
b) public goods
c) commons goods
d) club goods

a good that NOT everyone can use
a) excludable
b) non-excludable
c) rivalrous
d) non-rivalrous

a good that everyone can use
a) excludable
b) non-excludable
c) rivalrous
d) non-rivalrous

a good that only one person can use
a) excludable
b) non-excludable
c) rivalrous
d) non-rivalrous

a good that many people can use at one time
a) excludable
b) non-excludable
c) rivalrous
d) non-rivalrous

a public good is non-excludable and non-rivalrous
a) True
b) False
c)
d)

a public good is excludable and rivalrous
a) True
b) False
c)
d)

a private good is excludable and rivalrous
a) True
b) False
c)
d)

Which of the following does NOT describe shoes?
a) rivlarous
b) excludable
c) private good
d) public good

which pair is incorrect?
a) rivalrous: few benefit
b) non-rivalrous: many benefit
c) exclusive: costs $$$
d) non-exclusive: costs $$$

which pair is incorrect?
a) rivalrous: many benefit
b) non-rivalrous: many benefit
c) exclusive: costs $$$
d) non-exclusive: free

Which of the following does NOT describe fishing grounds?
a) rivalrous
b) commons good
c) non-exclusive
d) public good

Which of the following does NOT describe a movie theater?
a) non-rivalrous
b) exclusive
c) costs money
d) free

Which of the following does NOT describe a school?
a) rivalrous
b) non-exclusive
c) non-rivalrous
d) free

which of the following is NOT a public good?
a) school
b) amusement park
c) roads
d) military

Taxes pay for ___________
a) Private goods
b) Public goods
c) commons goods
d) club goods

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