Question

7. A good that is nonexcludable but rival in consumption is a(n): a.) Public good b.)...

7. A good that is nonexcludable but rival in consumption is a(n):

a.) Public good

b.) Positive externality good

c.) Common resource good

d.) Artificially scarce good

Homework Answers

Answer #1

excludability and rivalry are the basis for differentiation between public and private goods. But there is a gap when there is no excludability but rivalry like

for example in when the discount is given on some items then it is nonexcludable but rival at the same time because people will give their best with respect to each other so that they will get the benefit firstly

and it is seen in the case of COMMON RESOURCE GOOD

Aftificial scarce can be called as club goods which are excludable but non rivalorous

So the answer is C

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A common (open access) good is characterized by: Rival in consumption and excludable Rival in consumption...
A common (open access) good is characterized by: Rival in consumption and excludable Rival in consumption and non-excludable Non-rival in consumption and excludable Non-rival in consumption and non-excludable A negative externality produces: Additional benefits Additional costs Additional quotas Additional marginal revenue
Both public goods and common resources are a. nonexcludable. b. excludable. c. nonrival in consumption. d....
Both public goods and common resources are a. nonexcludable. b. excludable. c. nonrival in consumption. d. rival in consumption. When the absence of property rights causes a market failure, the government can potentially solve the problem a. by clearly defining property rights. b. through regulation. c. by supplying the good itself. d. All of the above are correct.
QUESTION 8 A good that is rival and excludable is defined as a: private good. public...
QUESTION 8 A good that is rival and excludable is defined as a: private good. public good. common-resource good. club good. government good. 2 points    QUESTION 9 If government regulation forces firms in an industry to internalize the externality, then the: supply curve shifts to the left. supply curve shifts to the right. demand curve shifts to the left. demand curve shifts to the right. supply curve and the demand curve shift to the left.
47. To maximize social welfare, the optimal quantity of a public good to provide should be...
47. To maximize social welfare, the optimal quantity of a public good to provide should be determined through the use of private markets. the judicial system. cost-benefit analysis. public survey. the political process. 28. Which of the following characteristics best defines a common-resource good? nonrival and nonexcludable nonrival and excludable rival and excludable rival and nonexcludable a good that is never produced by the government
1.) An FM radio signal is an example of a good that is A private. B...
1.) An FM radio signal is an example of a good that is A private. B nonrival in consumption. C social. D nonexcludable in production. 2.) A local park filled with picnickers is A excludable and rival in consumption. B excludable and not rival in consumption. C not excludable and rival in consumption. D not excludable and not rival in consumption. 3.) Under which of the following scenarios would a park be considered a public good? A Visitors to the...
Do you agree or disagree with each of the following​ statements? The government should be involved...
Do you agree or disagree with each of the following​ statements? The government should be involved in providing health care for all citizens because health care is a​ "public good." A. ​Disagree, because health care is a public good that generates a negative externality. B.​Disagree, because health care is a private good that is nonrival and nonexcludable. C.​Disagree, because health care is a mixed or private good. D. Agree, because health care is a public good that generates a positive...
The rule of thumb for a government deciding whether to provide a public good is that...
The rule of thumb for a government deciding whether to provide a public good is that the: a. sunk cost of the good should be equal to the marginal benefit. b. marginal cost of the good should be less than the marginal benefit. c. opportunity cost of the good should be greater than the marginal benefit. d. variable cost of the good should be greater than the sunk cost. From society’s perspective, the deadweight loss associated with a positive externality...
The free-rider problem arises when: 1. a good is nonexcludable 2. goods are nonrival in consumption...
The free-rider problem arises when: 1. a good is nonexcludable 2. goods are nonrival in consumption 3. there is overuse of a common resource 4. the marginal social cost of producing a good exceeds the private marginal cost Which of the following would be considered a public good? 1. a football staduim 2. a toll bridge 3. national defense 4. a private office building The government could internalize a positive extrnality of consumption by providing 1. a subsidy 2. a...
A. Define a (i) private good; (ii) public good; and (iii) common resource. B. What is...
A. Define a (i) private good; (ii) public good; and (iii) common resource. B. What is a “free rider problem,” and what challenge does it pose for the private production of public goods and services? C. How is the demand for a public good different from the demand for a private good? D. Outline the role government plays in the provision of public goods. Please use text to explain.
A public good is a good: a.) Whose benefits to any particular individual do not depend...
A public good is a good: a.) Whose benefits to any particular individual do not depend on how many other individuals benefit from it. b.) That benefits many people whether or not they have paid for it. c.) All above are true d.) that is non-rival in consumption and non-excludable
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT