Exam 19: Public Goods and Common Resources

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

One way the government can enhance efficiency through the management of public goods and common resources is by:

The free rider problem is caused by:

Goods that are neither rival in consumption nor excludable are:

One way to solve the free-rider problem is:

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:

When goods are subject to market failure,one possible solution is to:

One "design principle" that makes informal,community-based solutions to public goods and common resource problems more effective is:

When the government bans a good:

A public good is:

When someone does not have to pay for a good:

When a good is both rivalrous and nonexcludable:

Markets work well for allocating ____________ efficiently,but not always so well for allocating ______________________.

A smart phone would be considered:

Cookies would be considered:

The free rider problem is triggered when a good is ______________,and the tragedy of the commons arises when a good is ________________

In 2009,the Nobel Prize in economics was awarded for work on the effectiveness of social norms in the management of commonly held property to:

The combination of inefficiently high demand and dwindling quantity leads to what is called:

If the government runs an ad campaign to shame litterers,they are:

When choosing the right amount of a public good to supply,the government: