Wealthy industrialist Henry Hawk fears an asteroid hitting Earth and is willing and able to pay $15 billion to develop an asteroid deflection system. Suppose asteroid deflection only costs $10 billion and Hawk makes asteroid deflection a reality. What type of good has Henry Hawk provided?
A) public good
B) private good
C) nonrival private good
D) commons resource
Correct Answer:
Verified
Q28: Which of the following is a list
Q29: A good is excludable if:
A) the government
Q30: A jump rope is a:
A) rival good.
B)
Q31: Public goods are those goods that are:
A)
Q32: When a good is excludable:
A) one person's
Q34: State highways are an example of a:
A)
Q35: Private goods are:
A) excludable and rival.
B) excludable
Q36: Private goods are both:
A) rival and nonexcludable.
B)
Q37: Public goods are:
A) excludable and rival.
B) excludable
Q38: Ocean tuna is an example of a:
A)
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