Exam 19: Public Goods and the Tragedy of the Commons
Exam 1: The Big Ideas253 Questions
Exam 2: The Power of Trade and Comparative262 Questions
Exam 3: Supply and Demand255 Questions
Exam 4: Equilibrium268 Questions
Exam 5: Elasticity and Its Applications282 Questions
Exam 6: Taxes and Subsidies226 Questions
Exam 7: The Price System277 Questions
Exam 8: Price Ceilings and Floors329 Questions
Exam 9: International Trade195 Questions
Exam 10: Externalities- When the Price Is Not Right278 Questions
Exam 11: Costs and Profit Maximization Under Competition237 Questions
Exam 12: Competition and the Invisible Hand153 Questions
Exam 13: Monopoly233 Questions
Exam 14: Price Discrimination277 Questions
Exam 15: Oligopoly and Game Theory241 Questions
Exam 16: Competing for Monopoly160 Questions
Exam 17: Monopolistic Competition and Advertising113 Questions
Exam 18: Labor Markets273 Questions
Exam 19: Public Goods and the Tragedy of the Commons249 Questions
Exam 20: Political Economy and Public Choice306 Questions
Exam 21: Economics, Ethics, and Public Policy257 Questions
Exam 22: Managing Incentives263 Questions
Exam 23: Stock Markets and Personal Finance275 Questions
Exam 24: Price Discrimination151 Questions
Exam 25: Consumer Choice146 Questions
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If one person's use of a good prevents another person's ability to use it, then the good is:
(Multiple Choice)
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Compared to private goods, the free market would ________ public goods.
(Multiple Choice)
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Which of the following solutions for public goods funding avoids both the problems of "forced riders" and "free riders"?
(Multiple Choice)
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Google provides a(n) ________ good but uses advertising to make its good ________.
(Multiple Choice)
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Mosquito control must be provided by the government because if:
(Multiple Choice)
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Tradable allowances may effectively be used to solve the tragedy of the commons problem.
(True/False)
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Which of the following is a list of nonrival private goods only?
(Multiple Choice)
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After Napster was introduced in 1999 as a peer-to-peer file-sharing Internet service, people could cheaply distribute music. Thanks to this and other innovations ("ripping" CDs, torrents, YouTube), music is becoming increasingly:
(Multiple Choice)
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Explain what aspect of the tragedy of the commons problem is similar to that of a positive externality.
(Essay)
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If you're camping with a few friends, which of the following is a public good?
(Multiple Choice)
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Explain what aspect of the tragedy of the commons problem is similar to that of a negative externality.
(Essay)
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A good is excludable if one person's use of the good reduces the ability of another person to use the same good.
(True/False)
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Which of the following explains why it is difficult to determine the optimal quantity of public goods that the government should produce?
(Multiple Choice)
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