2764 Public Goods and Common Resources
59. A cheeseburger is a
a. common resource, because it is rival in consumption but not excludable.
b. public good, because it is rival in consumption but not excludable.
c. public good, because it is excludable and rival in consumption.
d. private good, because it is excludable and rival in consumption.
60. Because it is
a. neither excludable nor rival in consumption, a tornado siren is a common resource.
b. neither excludable nor rival in consumption, a tornado siren is a public good.
c. excludable but not rival in consumption, a tornado siren is produced by a natural monopoly.
d. rival in consumption but not excludable, a tornado siren is a common resource.
61. People cannot be prevented from using a good if the good is
a. a private good or a public good.
b. a private good or a common resource.
c. a public good or a common resource.
d. a public good or a club good.