41. Public Goods (part 2) Question Preview (ID: 50841)


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Public goods are non-exlusive and non-rivalrous.
a) True
b) False
c)
d)

Which of the following is NOT a public goods?
a) schools
b) polics
c) town fireworks
d) cheeseburgers

If public goods did not exist, what problem would arise?
a) High Taxes
b) no problems
c) Free Riders
d) anarchy

In the example in the video, public goods do not exist, what problem arises?
a) the street does not get plowed
b) Smith family does not pay for the plow, but they benefit from a plowed street
c) the government plows the street
d) school gets canceled because the street is covered in snow

How do we avoid free riders and make sure that everyone pays for public goods (non-exclusive and non-rivalrous goods)?
a) taxes
b) jail free riders
c) do not provide public goods
d) nothing can be done

What is one reason that schools are funded by taxes?
a) without taxes free riders won't pay, but will still use the schools
b) it's in the constitution
c) it's the only way to raise money
d) create loopholes for the rich

someone that uses a non-exclusive and non-rivalrous good, but does not pay for it.
a) tax payer
b) free rider
c) squater
d) leech

Which is not a private good?
a) shoes
b) roads
c) cars
d) cheeseburgers

which is not a commons good?
a) fishing grounds
b) pasture
c) wild-life
d) military

which of the following is NON-exlusive?
a) shoes
b) golf course
c) movie theater
d) roads

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