Question 1

Because it is

Accepted Answer

A tornado siren is a public good because it is non-excludable (people cannot be prevented from hearing it) and non-rivalrous (one person hearing the siren does not prevent others from also hearing it).

Question 2

Because it is

Accepted Answer

A sweatshirt is both excludable (it can be prevented from others' use) and rival in consumption (one person's use decreases other's use), making it a private good, not a club good, a public good or a common resource.

Question 3

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 4

Figure 11-1
 
-Refer to Figure 11-1. The box labeled C represents

Accepted Answer

The box labeled C represents common resources, which are non-excludable and rivalrous goods. These are goods that are available to all individuals but can be used up or depleted if overused, such as fisheries or forests.

Question 5

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 6

Figure 11-1
 
-Refer to Figure 11-1. The box labeled B represents

Accepted Answer

The box labeled B represents club goods, which are excludable but non-rivalrous. Examples include cable television and private golf courses.

Question 7

Figure 11-1
 
-Refer to Figure 11-1. The box labeled D represents

Accepted Answer

The box labeled D is shaded in green and labeled as "non-rival and non-excludable," which are the characteristics of public goods. Therefore, the correct answer is D.

Question 8

A cheeseburger is a

Accepted Answer

A cheeseburger is a private good because it is both excludable (i.e. it is possible to prevent someone from consuming it) and rival in consumption (i.e. consumption by one person will reduce the amount available for others).

Question 9

A good that is rival in consumption and not excludable is called a

Accepted Answer

A good that is rival in consumption means that when one person uses the good, it reduces the amount available for others. A good that is not excludable means that it is difficult or impossible to prevent someone from using the good, even if they do not pay for it. Common resources are goods that fit these criteria, such as fish in the ocean or clean air. Public goods are non-rival and non-excludable, meaning that one person's use does not reduce the amount available for others, and it is difficult to prevent anyone from using the good. Club goods are excludable but not rival, meaning that people can be prevented from using it, but one person's use does not reduce the amount available for others. Private goods are both excludable and rival, meaning that people can be prevented from using it, and one person's use reduces the amount available for others.

Question 10

Fire protection is a

Accepted Answer

The answer of Fire protection is a
...

Question 11

Which of the following statements about private goods and public goods is correct?

Accepted Answer

The answer of Which of the following statements about private...

Question 12

Suppose the government has enacted policies to influence the amount of good x that is supplied. These policies are most likely to improve the allocation of resources if good x is

Accepted Answer

The answer of Suppose the government has enacted policies to...

Question 13

Examples of goods that are excludable include

Accepted Answer

Mobile phones can be considered excludable goods because only those who purchase them have access to their benefits and features. Fire protection, on the other hand, is a non-excludable good because it benefits the entire community regardless of whether or not an individual has paid for it. The other options include some goods that are excludable (premium movie channels and internet radio subscriptions) and some that are non-excludable (fireworks displays and streetlights), making them less clear choices for this question.

Question 14

The Pennsylvania Turnpike is a tolled freeway running through the state of Pennsylvania. Motorists must pay tolls at various points along the Turnpike based on the distance they traveled on the freeway. Suppose that despite the tolls, many motorists in the urban areas use the Turnpike causing traffic to slow during peak times. What type of good would the Turnpike be classified as in this case?

Accepted Answer

The answer of The Pennsylvania Turnpike is a tolled freeway...

Question 15

Figure 11-1
 
-Refer to Figure 11-1. The box labeled A represents

Accepted Answer

The answer of Figure 11-1
 
-Refer to Figure 11-1. The...

Question 16

People cannot be prevented from using a good if the good is

Accepted Answer

The answer of People cannot be prevented from using a...

Question 17

People can be prevented from using a good if the good is

Accepted Answer

The answer of People can be prevented from using a...

Question 18

Consider a public road that anyone is allowed to drive on. If the road is often congested, the road would be considered a

Accepted Answer

A common resource is a type of good that is non-excludable but rivalrous, meaning that it is owned by no one but often overused or degraded by individuals. In the case of a public road, anyone is allowed to use it and it is difficult to exclude anyone from using it, but it can become congested with overuse. Therefore, it is best classified as a common resource. Private goods are both excludable and rivalrous, club goods are excludable but non-rivalrous, and public goods are non-excludable and non-rivalrous.

Question 19

Which of the following types of goods are rival in consumption?

Accepted Answer

Private goods and common resources are rival in consumption. Private goods are goods that are both excludable and rival in consumption, meaning that only those who pay for the good can consume it, and when one person consumes the good, it is no longer available for others to consume. Common resources are goods that are rival in consumption but not excludable, meaning that anyone can consume them regardless of whether they pay for them or not, leading to overuse and depletion.

Question 20

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 multiple children can use it simultaneously without diminishing its use for others. It is also not excludable as there are no barriers to prevent anyone from using it.

Quiz 11: Public Goods and Common Resources

Because it is

Because it is

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

Figure 11-1 -Refer to Figure 11-1. The box labeled C represents

Figure 11-1 -Refer to Figure 11-1. The box labeled B represents

Figure 11-1 -Refer to Figure 11-1. The box labeled D represents

A cheeseburger is a

A good that is rival in consumption and not excludable is called a

Fire protection is a

Which of the following statements about private goods and public goods is correct?

Suppose the government has enacted policies to influence the amount of good x that is supplied. These policies are most likely to improve the allocation of resources if good x is

Examples of goods that are excludable include

Figure 11-1 -Refer to Figure 11-1. The box labeled A represents

People cannot be prevented from using a good if the good is

People can be prevented from using a good if the good is

Consider a public road that anyone is allowed to drive on. If the road is often congested, the road would be considered a

Which of the following types of goods are rival in consumption?

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