Question 1

Which of the following goods is excludable but not rival in consumption?

Accepted Answer

Fire protection in a small town is excludable because only those who pay taxes to the local government have access to it. However, it is not rival in consumption because the provision of fire protection to one person does not reduce its availability to others in the town. The other options (A, C, and D) are either rivalrous in consumption, non-excludable, or both.

Question 2

The Great Lakes are

Accepted Answer

The Great Lakes are common resources because they are non-excludable, meaning that it is difficult to prevent people from using them, and they are rival, meaning that one person's use of the resource reduces the amount available for others. While some portions of the Great Lakes may be managed or owned by private entities or clubs, as a whole they are not excludable and are subject to overuse or depletion.

Question 3

At the local park there is a playground that anyone may use.There is rarely anyone using the playground,so children who use the playground receive full enjoyment from its use.The playground is

Accepted Answer

The playground is not rival in consumption as many children can use it at the same time without reducing the enjoyment of others. It is also not excludable as there are no barriers or fees to using the playground, making it accessible to anyone who wants to use it.

Question 4

Which of the following goods is both excludable and rival in consumption?

Accepted Answer

A wristwatch is excludable because ownership can be established and it is rival in consumption because if one person is wearing it, another person cannot at the same time. Fire protection in a small town and efforts to fight poverty are non-excludable, while fish in the ocean is non-excludable but rival in consumption.

Question 5

A streetlight is a

Accepted Answer

The answer of A streetlight is a
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Question 6

The Mansfield Public Library has a large number of books that anyone with a library card may borrow.Anyone can obtain a card for free.Because the number of copies of each book is limited,not everyone can have the same book at the same time.What type of good would the library books be classified as in this case?

Accepted Answer

The answer of The Mansfield Public Library has a large...

Question 7

A vacation home in Malibu is

Accepted Answer

A vacation home in Malibu is rival in consumption because if one person is using it, someone else cannot simultaneously use it. It is also excludable because the owner can exclude others from using it without permission. Therefore, it falls under the category of private goods.

Question 8

A congested side street in your neighborhood is

Accepted Answer

A congested side street in a neighborhood is not excludable, as anyone can access it, but it is rival in consumption, as two or more cars cannot use the same space at the same time without causing congestion.

Question 9

Under which of the following scenarios would a park be considered a club good?

Accepted Answer

The answer of Under which of the following scenarios would...

Question 10

A local park filled with picnickers is

Accepted Answer

The local park is not excludable, as it is open to all members of the public and cannot restrict access. It is rival in consumption, as only a certain number of people can occupy the available space at any given time, and the use of the space by one person or group potentially limits the use of the space by others at the same time. Therefore, the correct answer is option C.

Question 11

Which of the following goods is rival in consumption and excludable?

Accepted Answer

The answer of Which of the following goods is rival...

Question 12

Under which of the following scenarios would a park be considered a common resource?

Accepted Answer

A common resource is a resource that is non-excludable (people cannot be easily prevented from using it) but rivalrous (there is competition for its use). In scenario D, visitors can enter the park for free (non-excludable) but frequently all of the picnic tables are in use (rivalrous), so the park can be considered a common resource. In scenario A, visitors must pay to enter the park (excludable) and there are always plenty of empty picnic tables (non-rivalrous), so it is not a common resource. In scenario B, visitors must pay to enter, and all picnic tables are in use (excludable and rivalrous), so it is not a common resource. In scenario C, visitors can enter for free and there are always plenty of empty picnic tables (non-excludable and non-rivalrous), so it is not a common resource.

Question 13

A cable television broadcast of a movie is

Accepted Answer

Cable television broadcast of a movie is excludable because access can be restricted through a subscription or payment. However, it is not rival in consumption as multiple individuals can watch the same broadcast simultaneously without diminishing the experience for others.

Question 14

An AM radio transmission of a baseball game is

Accepted Answer

The answer of An AM radio transmission of a baseball...

Question 15

Labor is a

Accepted Answer

The answer of Labor is a
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Question 16

Under which of the following scenarios would a park be considered a public good?

Accepted Answer

A public good is a good that is non-excludable and non-rivalrous, meaning that it is difficult or impossible to prevent someone from using it and one person's use does not diminish the availability of the good for others. In scenario C, visitors can enter the park free of charge, which means it is non-excludable, and there are always plenty of empty picnic tables, which means it is non-rivalrous. This fits the definition of a public good. The other scenarios either involve an admittance fee or a scarcity of picnic tables, making the park either excludable or rivalrous, or both.

Question 17

A pizza is

Accepted Answer

A pizza is excludable because it can be easily restricted to certain individuals, and it is rival in consumption because once one person eats a slice of pizza, it is not available for others to consume.

Question 18

At the local park there is a playground for children to use.While anyone is allowed to use the playground,it is often very busy,reducing the enjoyment of many of the children who use it.The playground is a

Accepted Answer

The answer of At the local park there is a...

Question 19

Pay-per-view broadcasts are

Accepted Answer

Pay-per-view broadcasts are considered club goods because they are excludable (only those who pay have access to the content) and rival (the consumption of the content by one person reduces the amount available for others).

Question 20

Which of the following goods is nonrival in consumption and excludable?

Accepted Answer

An uncongested toll road is nonrival in consumption because one person's use of the road does not diminish another person's ability to use it. It is also excludable because access to the road can be restricted to those who pay the toll. The other options— a tornado siren, a home, and the environment— are either rivalrous in consumption or non-excludable.

Quiz 11: Public Goods and Common Resources