Economic Analysis of Social Issues 1st Edition by Alan Grant

Exercise 7

Based on your answers to problems 1 and 2, it is likely that your textbook is a _____
A) Pure private good
B) Pure public good
C) Common pool resource
D) Club good
Problem 1:
Consider this copy of your textbook: It is difficult for more than one person at a time to read it. This means that your textbook is a(n) _____ good.
A) Rival
B) Nonrival
C) Excludable
D) Nonexcludable
Problem 2:
Consider this copy of your textbook: If your annoying roommate, who didn't buy the book, keeps trying to read your copy, you can prevent it by hiding it or locking it away. This means your textbook is a(n) ____ good.
A) Rival
B) Nonrival
C) Excludable
D) Nonexcludable