Question

Indicate which kinds of goods are the following.

Question 10 options:

1234	A pastrami sandwich
1234	Deer roaming in a public forest (from deer hunters' perspective)
1234	A Memorial Day parade
1234	A public swimming pool in a neighborhood which only the residents can access (assume that the pool is not crowded)

1.	Club good
2.	Private good
3.	Public good
4.	Common resource

Answer 1

A pastrami sandwich- Private good. As this is excludable and rival in consumption

Deer roaming in a public forest- From deer hunter's perspective, it is a common resource. As this is not excludable but rivalry in consumption.

A memorial day parade- Public good. As this is not excludable and not rival.

A public swimming pool which is not crowded- Club good. As this is highly excludable. Residents have to pay to use this pool. But not rival in consumption as this is not crowded.