Microeconomics (13th Edition)
13th Edition
ISBN: 9780134744476
Author: Michael Parkin
Publisher: PEARSON
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Question
Chapter 16, Problem 11APA
To determine
The classification ofgoodsas excludable, non-excludable, rival, and non-rival.
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Students have asked these similar questions
Which of the following is the best example of a good or service that would be considered non-rival and non-excludable?
Select one:
a. your breakfast
b. a congested interstate highway
c. the United States Navy
Od. Dr. Craig's breakfast
Which of the following is the best example of a good or service that would be considered non-rival and non-excludable?
Select one:
a. your breakfast
Ob. a congested interstate highway
c. the United States Navy
d. Dr. Craig's corgi, Gracie
a. A popular national forest known for having dozens of access points for its well-used hiking trails located along public
roads and highways is nonexcludable and nonrival
b. An even more popular national park, which charges an entrance fee, is
c. National defense is nonexcludable and nonrival
d. A seat on a subway train is
excludable
and
rival
excludable
and
rival
Chapter 16 Solutions
Microeconomics (13th Edition)
Ch. 16.1 - Prob. 1RQCh. 16.1 - Prob. 2RQCh. 16.1 - Prob. 3RQCh. 16.1 - Prob. 4RQCh. 16.2 - Prob. 1RQCh. 16.2 - Prob. 2RQCh. 16.2 - Prob. 3RQCh. 16.2 - Prob. 4RQCh. 16.3 - Prob. 1RQCh. 16.3 - Prob. 2RQ
Ch. 16.3 - Prob. 3RQCh. 16.3 - Prob. 4RQCh. 16.3 - Prob. 5RQCh. 16 - Prob. 1SPACh. 16 - Prob. 2SPACh. 16 - Prob. 3SPACh. 16 - Prob. 4SPACh. 16 - Prob. 5SPACh. 16 - Prob. 6SPACh. 16 - Prob. 7SPACh. 16 - Prob. 8SPACh. 16 - Prob. 9SPACh. 16 - Prob. 10SPACh. 16 - Prob. 11APACh. 16 - Prob. 12APACh. 16 - Prob. 13APACh. 16 - Prob. 14APACh. 16 - Prob. 15APACh. 16 - Prob. 16APACh. 16 - Prob. 17APACh. 16 - Prob. 18APACh. 16 - Prob. 19APACh. 16 - Prob. 20APACh. 16 - Prob. 21APACh. 16 - Prob. 22APACh. 16 - Prob. 23APACh. 16 - Prob. 24APA
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Similar questions
- Radio stations, tornado sirens, light houses, and street lights are all public goods in that all are nonrivalrous and nonexclusionary. Therefore why does the government provide tornado sirens, street lights and light houses but not radio stations (other than PBS stations)?arrow_forwardEconomics Which of the following goods is nonexcludable? O a can of Coke O a concert at Radio City Music Hall O national defense O an apartment buildingarrow_forwardWhich of the following is the best example of a good or service that would be considered rival and excludable? Select one: a. the clothes on your back b. the U.S. Secret Service c. the N.C. State Patrol d. the Federal Bureau of Investigationarrow_forward
- Which categories of goods are excludable?a. private goods and club goodsb. private goods and common resourcesc. public goods and club goodsd. public goods and common resourcesarrow_forwardA good that is rival and non-excludable is?arrow_forwardWhat does it mean for a good to be excludable?arrow_forward
- Which of the following is the best example of a nonexcludable good or service? a public library Opublic transportation O Internet service for your home computer college education sarrow_forwardWhich of the following is the best example of a good or service that would be considered rival and excludable? Select one: O a. the clothes on your back Ob. the U.S. Secret Service O c. the N.C. State Highway Patrol O d. the Federal Bureau of Investigationarrow_forwardWhich of the following is an example of an externality? (x) cigarette smoke that permeates an entire restaurant (y) a flu shot that prevents a student from transmitting the virus to her roommate (z) a beautiful flower garden outside of the local post office Select one or more: a. (x), (y) and (z) b. (x) and (y) only c. (x) and (z) only d. (y) and (z) only e. (y) onlyarrow_forward
- Classify each of the foods goods according to whether it is ravalrous, nonrivalrous, excludabe, or nonexcludable. a. A sports team t-shirt b. The air we breathe c. Atlantic bluefin tuna in the Mediterranean Sea d. A toll road in normal traffic.arrow_forwardThe government is involved in providing many goods and services. For each of the goods or services listed, determine whether it is rival or nonrival in consumption and whether it is excludable or nonexcludable. What type of good is it? A congested interstate highway without tolls nonrival, nonexcludable, public good rival, excludable, private good nonrival, excludable, artificially scarce good rival, nonexcludable, common resourcearrow_forwardWhich of the following best represents a “non-excludable” good? A)Tollway. B)Air. C)None is correct. D)Private hospital wards. E)Private school education.arrow_forward
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