Category: Public Goods

A. receives the benefits of a good but avoids paying for it.
B. pays for a good but fails to receive any benefit from the good
C. fails to produce goods but is allowed to consume goods.
D. produces a good but fails to receive payment for the good

A. hot dogs at a picnic
B. Whales in the ocean
C. national defense
D. apples on a tree in a public park

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

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

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

A. a firework displays
B. national defense
C. iron one
D. a national park

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

A. excludable
B. a common resource
C. a public goods
D. rival

A. it is efficient for the government to tax the resident €2,000 each and repair the road
B. It is efficient for each neighbour to pay €3,000 to repair the section of street in front of his/her home
C. None of these answers are true
D. it is not efficient to have the street repaired