Public goods are:
A) rival in consumption and their benefits are excludable.
B) nonrival in consumption and their benefits are excludable.
C) nonrival in consumption and their benefits are nonexcludable.
D) rival in consumption and their benefits are nonexcludable.
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      Private goods are:
A) rival in consumption and their benefits are excludable.
B) nonrival in consumption and their benefits are excludable.
C) nonrival in consumption and their benefits are nonexcludable.
D) rival in consumption and their benefits are nonexcludable.
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       Which of the following would be an example of an external benefit?
A) More people start to ride the bus and as a result air pollution is reduced.
B) Firms are able to reduce their costs of production by using a more efficient technology.
C) The government requires polluting firms to pay a special tax.
D) A firm has just gotten permission to open a landfill on property that is adjacent to your home.
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       Which of the following situations contains most of the characteristics of a private good:
A) free bread handed out by the government.
B) an apartment in a public housing project.
C) a hamburger.
D) All of these.
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. A good is nonrival in consumption when it:
A) has either positive or negative external costs.
B) is priced at its marginal cost.
C) can be enjoyed by one person without that interfering withÂ
Answers
Status NEW
Posted 17 May 2017 01:05 AM
My Price 8.00
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