Economics (MindTap Course List)
13th Edition
ISBN: 9781337617383
Author: Roger A. Arnold
Publisher: Cengage Learning
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Question
Chapter 30.4, Problem 2ST
(a)
To determine
Identify notebook as an excludable public good, non-excludable public good, or a private good.
(b)
To determine
Identify Shakespearean play performed in a summer theater as an excludable public good, non-excludable public good, or a private good.
(c)
To determine
Identify an apple as an excludable public good, non-excludable public good, or a private good.
(d)
To determine
Identify telephone service as an excludable public good, non-excludable public good, or a private good.
(e)
To determine
Identify sunshine as an excludable public good, non-excludable public good, or a private good.
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T5
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 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) only
Chapter 30 Solutions
Economics (MindTap Course List)
Ch. 30.1 - Prob. 1STCh. 30.1 - Prob. 2STCh. 30.2 - Prob. 1STCh. 30.2 - Prob. 2STCh. 30.2 - Prob. 3STCh. 30.2 - Prob. 4STCh. 30.3 - Prob. 1STCh. 30.3 - Prob. 2STCh. 30.3 - Prob. 3STCh. 30.4 - Prob. 1ST
Ch. 30.4 - Prob. 2STCh. 30.4 - Prob. 3STCh. 30.5 - Prob. 1STCh. 30.5 - Prob. 2STCh. 30.5 - Prob. 3STCh. 30 - Prob. 1QPCh. 30 - Prob. 2QPCh. 30 - Prob. 3QPCh. 30 - Prob. 4QPCh. 30 - Prob. 5QPCh. 30 - Prob. 6QPCh. 30 - Prob. 7QPCh. 30 - Prob. 8QPCh. 30 - Prob. 9QPCh. 30 - Prob. 10QPCh. 30 - Prob. 11QPCh. 30 - Prob. 12QPCh. 30 - Economists sometimes shock noneconomists by...Ch. 30 - Prob. 14QPCh. 30 - Prob. 15QPCh. 30 - Prob. 1WNGCh. 30 - Prob. 2WNGCh. 30 - Prob. 3WNG
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Similar questions
- 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 rivalarrow_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_forwardChoose the Correct answer quickly fast please doarrow_forward
- Name 5 public goods and explain why they are public goods.arrow_forwardClassify 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_forwardDetermine whether the good is a private good, public good, artificially scarce good, or common resources, then explain why in terms of "excludability" and "rivalness" principles. a. Uncongested roads with toll booths upon entry b. Business-class seat on airplane c. Music played in a public parkarrow_forward
- Match the following with: rival and excludable, rival and non-excludable, non-rival and excludable, non-rival and non-excludable. 1) Pizza 2) Congested roads 3) Club goods 4) Clean air on your university campus 5) Tornado warning siren in your town 6) Education at your universityarrow_forwardI need help with A, B, C and D.arrow_forwardWhen economists say that one of the characteristics of a Public Good is that it is “non-excludable”, they mean: Select one: a. that the government makes the good widely available to virtually anyone in the economy. b. the good’s price is so low that virtually anyone can afford it. c. that once the good is supplied, it is difficult to prevent those who do not pay for it from consuming the good. d. that once a unit of the good is provided, it can be jointly consumed by more than one consumer at the same time.arrow_forward
- Is the following good a private good, a public good, a common resource, or a club good? Explain why the good is rival or non-rival and excludable or non-excludable. An oil pipelinearrow_forwardWhen a company is granted a patent by the U.S. government, Select one: a. a piece of general knowledge becomes excludable. b. a piece of specific, technical knowledge becomes rival in consumption. C. a piece of general knowledge becomes rival in consumption. d. a piece of specific, technical knowledge becomes excludable.arrow_forward3. What are two characteristics of a common property resource? a. Rival and non-excludable b. Rival and excludable c. Non-rival and non-excludable d. Non-rival and excludablearrow_forward
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