Question

Choose the correct answer(s): A) For a public good in the more limited sense, the following...

Choose the correct answer(s):

A) For a public good in the more limited sense, the following applies,  
a) that the goods have the characteristics of exclusivity and non-rivalry.

b) that the goods have the characteristics of exclusivity and rivalry.

c) that the good has the characteristics of non-excludability and non-rivalry.

d) that the good cannot be consumed by different individuals at the same time and no property rights can be enforced.

B) Which statements are correct?
a) A Pigouvian tax is used to determine the amount of pollutant emissions for a given demand curve for environmental pollution.

b) A Pigouvian tax is used to determine the price of pollutant emissions for a given demand curve for environmental pollution.

c) A fixed quantity of pollution certificates determines the amount of pollutant emission for a given pollution demand curve.

d) A fixed quantity of pollution certificates determines the price of pollutant emission for a given pollution demand curve.

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Homework Answers

Answer #1

c) that the good has the characteristics of non-excludability and non-rivalry

It means that consumption of public good by one person cannot reduce benefit for other consumers and one person cannot be excluded from using it. Example- park.

b) A Pigouvian tax is used to determine the price of pollutant emissions for a given demand curve for environmental pollution.

Pigouvian tax is the tax charged from producers for generating pollutants emission which is a result of negative externality which has to be borne by the producers.

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