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Tests, Surveys, and Pools Tests
Test Canvas : Self-Test Quiz - Chapter 17
Microeconom ics, 3e
Test Canvas: Self-Test Quiz - Chapter 17
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Total Questions 20
Total Points 20
1. Multiple Choice: Which of the following is the best ex...
Question Which of the following is the best example of an artificially scarce good?
2. Multiple Choice: Which of the following characteristic...
Question Which of the following characteristics is essential if a good is to be efficiently
provided by a market economy?
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Points: 1
Points: 1
3. Multiple Choice: A good is excludable if:
Question A good is excludable if:
4. Multiple Choice: A good is rival in consumption if:
Question A good is rival in consumption if:
Answer
the supplier of that good can prevent people who do not pay from consuming it.
Points: 1
Points: 1
5. Multiple Choice: The free-rider problem arises when:
Question The free-rider problem arises when:
Answer
goods are nonrival in consumption.
6. Multiple Choice: Which of the following is true of a p...
Question Which of the following is true of a public good?
7. Multiple Choice: Which of the following is an example ...
Question Which of the following is an example of an artificially scarce good?
Points: 1
Points: 1
Points: 1
8. Multiple Choice: In his book The Logic of Collective A...
Question In his book The Logic of Collective Action, Mancur Olson asserted that:
Answer
consumers do not have a reason to buy artificially scarce goods.
9. Multiple Choice: The Old River Control Structure in Ne...
Question The Old River Control Structure in New Orleans was constructed to:
10. Multiple Choice: Property rights will help ensure effi...
Question Property rights will help ensure efficient use of a common resource like fisheries,
since:
Points: 1
Points: 1
Points: 1
11. Multiple Choice: A common resource is both:
Question A common resource is both:
12. Multiple Choice: If professional boxing matches are on...
Question If professional boxing matches are on pay-per-view television, the price for viewing
is ___________ than if it were provided on regular cable television and the
equilibrium quantity is ___________.
Points: 1
Points: 1
13. Multiple Choice: Suppose your state government could u...
Question Suppose your state government could undertake some measures that would
improve the safety of highways within the state. If the goal is to use resources
efficiently, how many of the measures should be undertaken?
14. Multiple Choice: Artificially scarce goods are both:
Question Artificially scarce goods are both:
Points: 1
Points: 1
15. Multiple Choice: Which of the following is the BEST ex...
Question Which of the following is the BEST example of a public good?
16. Multiple Choice: Why is it that the private market fai...
Question Why is it that the private market fails to provide the efficient quantity of a public
good?
17. Multiple Choice: Suppose a local manufacturing plant u...
Question Suppose a local manufacturing plant undertakes measures to reduce the amount of
harmful emissions it releases into the air. This action is an example of a(n):
Points: 1
Points: 1
Points: 1
18. Multiple Choice: The clean-up of the Thames River in L...
Question The clean-up of the Thames River in London in the mid-nineteenth century:
19. Multiple Choice: Traffic congestion is an example of:
Question Traffic congestion is an example of:
20. Multiple Choice: When the supplier of an artificially ...
Question When the supplier of an artificially scarce good charges a price greater than zero,
then the:
Points: 1
Points: 1
Points: 1
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