If a person can be prevented from using a good, the good is said to be ?

Related Mcqs:

When government employ cost-benefit analysis to help them decide whether to provide a public good, measuring benefits is difficult because ?

A. there are no benefits to the public since a public good is not excludable B. the benefits are infinite because a public good is not rival and an infinite amount of people can consume it at the same time C. one can never place a value on human life or the environment D. respondents … When government employ cost-benefit analysis to help them decide whether to provide a public good, measuring benefits is difficult because ?Read More...

Which of the following are potential solutions to the problem of air pollution?

A. Grant right of the clean air to citizens so that firms must purchase the right to pollute B. Auctions off pollution permits. C. Regulate the amount of pollutants that firms can put in the air D. all of these answers...

When markets fail to allocate resources efficiently, the ultimate source of the problem is usually ?

A. government regulation B. that prices are not low enough so firms over produce C. that prices are not high enough, so people overconsume D. that property rights have not been well established...

A public good is ?

A. neither rival nor excludable B. rival but not excludable. C. both rival but excludable D. not rival but excludable...

A good produced by a natural monopoly is ?

A. rival but not excludable B. neither rival nor excludable C. not rival but excludable D. both rival and excludable...