Question 1

Public goods are those goods that are:

Accepted Answer

A)   nonrival and nonexcludable.
B)   rival and nonexcludable.
C)   produced by the government.
D)   highly valued for the purpose of national security.

Question 2

A cell phone is a ______ because it is ______.

Accepted Answer

A)   private good; nonrival and excludable
B)   private good; rival and excludable
C)   common good; rival and nonrival
D)   public good; rival and nonexcludable

Question 3

Which of the following is a list of nonexcludable and rival goods only?

Accepted Answer

A)   a public beach, soup kitchen meals, public roads
B)   online video games, a private beach, toll highways, cable Internet service
C)   national defense, a lighthouse, smog reduction
D)   online video games, a public beach, soup kitchen meals, public roads

Question 4

In group projects for class there is often one member who does noticeably less work than others. Which of the following is the most accurate description of that person?

Accepted Answer

A)   lazy
B)   a free rider
C)   a forced rider
D)   tragedy of the commons

Question 5

Sarah pays county taxes, part of which are used to subsidize public schools, even though she has no children. Sarah is an example of:

Accepted Answer

A)   a free rider.
B)   statistical discrimination.
C)   tragedy of the commons.
D)   a forced rider.

Question 6

If markets underproduce public goods because of the free rider problem,:

Accepted Answer

A)   the price of the public good will increase.
B)   total value in society will be minimized.
C)   it may be more efficient for the government to tax individuals to pay for the production of the public good.
D)   entrepreneurs will not be able to find a way to profit from the production of these goods.

Question 7

Describe the difference between each of the following three pairs of goods or services according to whether they are excludable or nonexcludable and rival or nonrival.
a.
a city police department and a commercial security system
b.
movies on HBO and movies on PBS (Public Broadcasting Service)
c.
fish in the ocean and fish in a fish farm

Accepted Answer

a. A city police department is nonexclud...

Question 8

Goods such as radio and television programs are ______ that are given away free because _______.

Accepted Answer

A)   private goods; of government funding
B)   public goods; advertisers pay the cost of programming
C)   public goods; of government funding
D)   private goods; advertisers pay the cost of programming

Question 9

Markets tend to be inefficient when it comes to public goods because:

Accepted Answer

A)   the government tends to overproduce the good.
B)   free riders lead to an underproduction of the good.
C)   the rival nature of the good makes it hard to collect payment from consumers.
D)   consumers tend to value these goods less than private goods.

Question 10

A solution to the tragedy of the commons is to convert common resources to private goods.

Accepted Answer

A) True 
 B)False

Question 11

When one person's use of a good does not reduce the ability of another person to use the same good, economists say the good is rival.

Accepted Answer

A) True 
 B)False

Question 12

Does equal sharing in farm output lead to free riders? Explain.

Accepted Answer

If the farming is organized such that ea...

Question 13

Goods that are not excludable include both:

Accepted Answer

A)   common resources and public goods.
B)   private and public goods.
C)   natural monopolies and common resources.
D)   only public goods, since no other goods are not excludable.

Question 14

Which of the following is an example of the tragedy of the commons?

Accepted Answer

A)   Tuna in the ocean are being over harvested because it is difficult to prevent anyone from fishing for tuna.
B)   Personal computers have become a commonplace appliance in many homes, causing an expedited tragedy of technology.
C)   There is an increasing threat to wildlife due to habitat loss in national forests.
D)   Television's popularity has become a common tragedy in our society.

Question 15

A jump rope is a:

Accepted Answer

A)   rival good.
B)   public good.
C)   common good.
D)   nonrival good.

Question 16

An example of a common resource would be:

Accepted Answer

A)   a street light.
B)   the environment.
C)   clothing.
D)   cable TV.

Question 17

Tragedy of the commons problems are harder to solve when:

Accepted Answer

A)   people who have access to the common good cannot be identified.
B)   people who have access to the common good are closely related.
C)   a lot of unrelated people have access to the common good.
D)   only a few unrelated people have access to the common good.

Question 18

Radio programs serve as an example of a public good that is provided efficiently by economic markets.

Accepted Answer

A) True 
 B)False

Question 19

In which of the case below is there the potential for a free-rider problem?

Accepted Answer

A)   half-off sales at department stores
B)   voluntary payments for a smog reduction program
C)   group projects where all members have clearly assigned tasks and are responsible for presenting their work
D)   cable Internet service

Question 20

Which of the following is an example of a public good that is efficiently produced through economic markets?

Accepted Answer

A)   national defense
B)   public parks
C)   cable television
D)   Internet search engines

Exam 19: Public Goods and the Tragedy of the Commons

A cell phone is a because it is .

Correct Answer
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Sarah pays county taxes, part of which are used to subsidize public schools, even though she has no children. Sarah is an example of:

Correct Answer
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Does equal sharing in farm output lead to free riders? Explain.

Correct Answer
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If the farming is organized such that ea...
View Answer

Goods that are not excludable include both:

Correct Answer
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A solution to the tragedy of the commons is to convert common resources to private goods.

Correct Answer
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Tragedy of the commons problems are harder to solve when:

Correct Answer
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If markets underproduce public goods because of the free rider problem,:

Correct Answer
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In which of the case below is there the potential for a free-rider problem?

Correct Answer
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Public goods are those goods that are:

Correct Answer
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Goods such as radio and television programs are that are given away free because _.

Correct Answer
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Which of the following is an example of the tragedy of the commons?

Correct Answer
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An example of a common resource would be:

Correct Answer
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Correct Answer
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a. A city police department is nonexclud...
View Answer

Which of the following is a list of nonexcludable and rival goods only?

Correct Answer
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When one person's use of a good does not reduce the ability of another person to use the same good, economists say the good is rival.

Correct Answer
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Markets tend to be inefficient when it comes to public goods because:

Correct Answer
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Which of the following is an example of a public good that is efficiently produced through economic markets?

Correct Answer
verified

Radio programs serve as an example of a public good that is provided efficiently by economic markets.

Correct Answer
verified

In group projects for class there is often one member who does noticeably less work than others. Which of the following is the most accurate description of that person?

Correct Answer
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A jump rope is a:

Correct Answer
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Exam 19: Public Goods and the Tragedy of the Commons

A cell phone is a ______ because it is ______.

Correct AnswerverifiedShow Answer

Sarah pays county taxes, part of which are used to subsidize public schools, even though she has no children. Sarah is an example of:

Correct AnswerverifiedShow Answer

Does equal sharing in farm output lead to free riders? Explain.

Correct AnswerverifiedIf the farming is organized such that ea...View AnswerShow Answer

Goods that are not excludable include both:

Correct AnswerverifiedShow Answer

A solution to the tragedy of the commons is to convert common resources to private goods.

Correct AnswerverifiedShow Answer

Tragedy of the commons problems are harder to solve when:

Correct AnswerverifiedShow Answer

If markets underproduce public goods because of the free rider problem,:

Correct AnswerverifiedShow Answer

In which of the case below is there the potential for a free-rider problem?

Correct AnswerverifiedShow Answer

Public goods are those goods that are:

Correct AnswerverifiedShow Answer

Goods such as radio and television programs are ______ that are given away free because _______.

Correct AnswerverifiedShow Answer

Which of the following is an example of the tragedy of the commons?

Correct AnswerverifiedShow Answer

An example of a common resource would be:

Correct AnswerverifiedShow Answer

Correct Answerverifieda. A city police department is nonexclud...View AnswerShow Answer

Which of the following is a list of nonexcludable and rival goods only?

Correct AnswerverifiedShow Answer

When one person's use of a good does not reduce the ability of another person to use the same good, economists say the good is rival.

Correct AnswerverifiedShow Answer

Markets tend to be inefficient when it comes to public goods because:

Correct AnswerverifiedShow Answer

Which of the following is an example of a public good that is efficiently produced through economic markets?

Correct AnswerverifiedShow Answer

Radio programs serve as an example of a public good that is provided efficiently by economic markets.

Correct AnswerverifiedShow Answer

In group projects for class there is often one member who does noticeably less work than others. Which of the following is the most accurate description of that person?

Correct AnswerverifiedShow Answer

A jump rope is a:

Correct AnswerverifiedShow Answer

A cell phone is a because it is .

Correct Answer
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Correct Answer
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If the farming is organized such that ea...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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Goods such as radio and television programs are that are given away free because _.

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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a. A city police department is nonexclud...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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