Exam 19: Public Goods and Common Resources

Government intervention can be productive and efficiency enhancing:

Like negative externalities,tradable permits are useful in allocating common resources because:

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

Traffic lights would be considered:

Public goods,when left to the private market:

If those who consumed common resources were subject to a tax that was equal to the external costs that they imposed due to the negative externality created,their demand curve:

A type of good that is subject to market failure is:

One way the government decides how to pay for public goods is:

The free-rider problem is triggered by being:

All solutions to market failures in markets for public goods or common resources:

Excludability matters because it:

The problem caused by goods that are considered common resources is that they:

Because government bodies have the power to impose limits on how much of a resource is consumed:

To combat the undersupply of public goods,a solution is:

An example of an excludable good is:

In a functioning market,people will buy a good up to the point where:

Private goods are:

Nonexcludability,in the case of rival goods,causes:

An example of an excludable good is:

Because government bodies have the power to make up for inadequate supply of a good: