Project #90479 - Microeconomics - Public Goods 10 Questions

A public good is a good that is ________, and thus is difficult for market producers to sell to individual consumers.

excludable or rivalrous

nonexcludable and nonrivalrous

unexcludable or unrivaled

excludable and rivalrous


When it is costly or impossible to exclude someone who hasn't paid to use a particular good from using it, then that good is classified as being:

public good



free rider


If large numbers of individuals choose to behave as free riders, ________.

public goods will quickly be privatized

more of the public good will be available for paying riders

the public good may never be provided


An individual who wants others to pay for public goods, but plans to use those goods for their own purposes, is often referred to as a ________.



tax evader

free rider


Refer to the figure below. Taking the external costs of using refrigerators into account: Description:

Causes the supply curve to shift down and to the right.

Causes the supply curve to shift up and to the left.

Increases the equilibrium price and reduces the quantity demanded.

Increases the equilibrium price and quantity demanded.


Which of the following is an example of economic activity that can injure the environment?

gold mine discharging arsenic into a natural lake that it’s using for a tailings pond

excessive clear-cutting of wood resources by logging companies

paper mill discharging raw chemical waste into a river


Which of the following is/are example(s) of command-and-control regulation?

The U.S. government passes a law that imposes penalties on manufacturing industries whose CO2 emissions exceed certain levels.

The U.S. government determines which technologies are cleaner and subsidizes their use to reduce CO2 emissions from manufacturing industries.

The U.S. government requires firms to install antipollution equipment to improve air and water quality.


Which of the following are ways in which the government promotes positive externalities?

Protection of intellectual property.

Incentives for increasing output.

Spending on research and development.


A pollution charge is a form of tax imposed on

the quantity of pollution that a firm emits.

every economy in the world.

pollution- control technologies.


low-income market-oriented industries.

Subject General
Due By (Pacific Time) 11/01/2015 04:00 pm
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