Exam 19: Public Goods and Common Resources

If the government is supplying a public good,the efficient quantity is where:

Goods that are not rival in consumption,but are excludable are:

An example of a good that is rival in consumption is:

In order to eliminate a free rider problem or tragedy of the commons problem:

In a market where the tragedy of the commons arises,the equilibrium quantity is both individually ____________ and collectively __________.

When a good is not excludable and rival in consumption:

When a good ends up undersupplied,we can assume it is:

When government tries to change social norms,they:

The depletion of a common resource due to individually rational but collectively inefficient overconsumption is called:

Bans are applied to:

Social disapproval carries a higher cost in places where you:

Goods that are rival in consumption,but not excludable are:

If the marginal benefit were greater than the cost of a good:

When a good is rival in consumption:

An example of a good that is rival in consumption is:

Free riders enjoy:

When the optimal quantity of consumption is zero for a given good:

An example of a public good is:

The costs involved with breaking a ban placed on a good:

Which of the following goods is most likely to be overconsumed?