48. A congested side street in your neighborhood 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.
49. Pay-per-view broadcasts are
a.
b.
c.
d.
50. The Great Lakes are
a.
b.
c.
d.
51. A streetlight is a
a.
private good.
b.
club good.
c.
common resource.
d.
public good.
52. A mobile phone is a
a.
private good.
b.
club good.
c.
common resource.
d.
public good.
53. At the local park there is a playground for children to use. While anyone is allowed to use the playground, it is often
very busy, reducing the enjoyment of many of the children who use it. The playground is a
a.
private good.
b.
club good.
c.
common resource.
d.
public good.
54. At the local park there is a playground that anyone may use. There is rarely anyone using the playground, so children
who use the playground receive full enjoyment from its use. The playground is
a.
rival in consumption and is excludable.
b.
not rival in consumption, but is excludable.
c.
rival in consumption, but is not excludable.
d.
not rival in consumption nor is it excludable.
55. The Mansfield Public Library has a large number of books that anyone with a library card may borrow. Anyone can
obtain a card for free. Because the number of copies of each book is limited, not everyone can have the same book at the
same time. What type of good would the library books be classified as in this case?
a.
private goods
b.
club goods
c.
common resources
d.
public goods
56. The Pennsylvania Turnpike is a tolled freeway running through the state of Pennsylvania. Motorists must pay tolls at
various points along the Turnpike based on the distance they traveled on the freeway. Suppose that despite the tolls, many
motorists in the urban areas use the Turnpike causing traffic to slow during peak times. What type of good would the
Turnpike be classified as in this case?
a.
private good
b.
club good
c.
common resource
d.
public good
57. Consider a public road that anyone is allowed to drive on. If the road is often congested, the road would be considered
a
a.
private good.
b.
club good.
c.
common resource.
d.
public good.
58. Fire protection is a
a.
club good, because it is excludable but not rival in consumption.
b.
club good, because it is rival in consumption but not excludable.
c.
a public good, because it is excludable but not rival in consumption.
d.
a public good, because it is rival in consumption but not excludable.
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 a club good.
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.
62. People can be prevented from using a good if the good is
a.
a private good or a club good.
b.
a private good or a common resource.
c.
a public good or a common resource.
d.
a private good or a public good.
63. Suppose the government has enacted policies to influence the amount of good x that is supplied. These policies are
most likely to improve the allocation of resources if good x is
a.
basic research.
b.
a congested toll road.
c.
spinach.
d.
clothing.
64. A good that is rival in consumption and not excludable is called a
a.
public good.
b.
common resource.
c.
club good.
d.
private good.
65. Which of the following statements about private goods and public goods is correct?
a.
Private goods and public goods are both excludable.
b.
Private goods and public goods are both rival in consumption.
c.
Private goods are not excludable and public goods are excludable.
d.
Private goods are rival in consumption and public goods are not excludable.
66. Which of the following types of goods are rival in consumption?
a.
private goods and club goods
b.
private goods and common resources
c.
public goods and club goods
d.
public goods and common resources
67. Examples of goods that are excludable include
a.
fireworks displays and fire protection.
b.
internet radio subscriptions and knowledge.
c.
premium movie channels and streetlights.
d.
mobile phones and fire protection.
68. Because it is
a.
excludable but not rival in consumption, a sweatshirt is a club good.
b.
rival in consumption but not excludable, a sweatshirt is a club good.
c.
both excludable and rival in consumption, a sweatshirt is a private good.
d.
neither excludable nor rival in consumption, a sweatshirt is a public good.
Figure 11-1
Rival in Consumption?
Yes
No
Excludable?
Yes
A
B
No
C
D
69. Refer to Figure 11-1. The box labeled A represents
a.
b.
c.
d.
70. Refer to Figure 11–1. The box labeled B represents
a.
b.
c.
d.
71. Refer to Figure 11–1. The box labeled C represents
a.
b.
c.
d.
72. Refer to Figure 11–1. The box labeled D represents
a.
b.
c.
d.
73. Refer to Figure 11–1. Emma’s use of good x does not affect anyone else’s use of good x. Neither Emma nor anyone
else can be prevented from using the good. Good x is an example of the type of good that belongs in
a.
Box A, which represents private goods.
b.
Box B, which represents common resources.
c.
Box C, which represents common resources.
d.
Box D, which represents public goods.
74. Refer to Figure 11–1. A gym membership at a gym that always has space in classes and on machines is an example of
the type of good represented by Box
a.
A.
b.
B.
c.
C.
d.
D.
75. Refer to Figure 11–1. A tornado siren in a small town is an example of the type of good represented by Box
a.
A.
b.
B.
c.
C.
d.
D.
76. Refer to Figure 11–1. A bottle of soda is an example of the type of good represented by Box
a.
A.
b.
B.
c.
C.
d.
D.
77. Refer to Figure 11–1. For which two boxes is it the case that externalities arise because something of value has no
price attached to it?
a.
Box A and Box B
b.
Box A and Box C
c.
Box B and Box D
d.
Box C and Box D
78. Refer to Figure 11–1. Which of the following statements is correct?
a.
A congested toll road is an example of the type of good represented by Box B.
b.
An uncongested toll road is an example of the type of good represented by Box D.
c.
A congested nontoll road is an example of the type of good represented by Box C.
d.
An uncongested nontoll road is an example of the type of good represented by Box A.
79. Refer to Figure 11–1. Which of the following items is not an example of the type of good represented by Box D?
a.
a mathematical theorem
b.
an uncongested toll road
c.
national defense
d.
fighting poverty
80. Refer to Figure 11–1. Which of the following items is not a clear-cut example of the type of good represented by Box
A?
a.
a mobile phone
b.
a garden of blooming flowers
c.
a candy bar
d.
a stapler
81. Refer to Figure 11–1. Which of the following items is not a clear-cut example of the type of good represented by Box
D?
a.
a fireworks display in a town with many residents
b.
national defense
c.
general knowledge
d.
a lighthouse
82. Refer to Figure 11–1. Once good x is provided, policymakers need to be concerned about how much of it is used.
Good x is an example of the type of good represented by Box
a.
A.
b.
B.
c.
C.
d.
D.
83. Which of the following goods is not excludable and not rival in consumption?
a.
fish in the ocean
b.
tickets to a professional basketball game
c.
a tornado siren
d.
a premium television channel
84. A tornado siren is a
a.
private good.
b.
club good.
c.
common resource.
d.
public good.
85. A traffic light at an intersection is
a.
rival and excludable in consumption.
b.
not rival but excludable in consumption.
c.
rival but not excludable in consumption.
d.
not rival and not excludable in consumption.
86. A traffic light at an intersection is
a.
a public good.
b.
a private good.
c.
a club good.
d.
a common good.