Exam 19: Public Goods and Common Resources

When the government bans a good it:

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

An example of an excludable good or service is a:

Free riders enjoy:

Not having to pay for a good leads to:

An example of a public good is:

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

Goods that are neither rival in consumption nor excludable are:

An example of an excludable good or service is:

Cookies would be considered:

When a good is rival in consumption:

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

Which of the following is likely to cause market failure and be undersupplied?

Private goods are:

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

Bans are applied to:

Using tradable allowances instead of quotas may be a better solution to the provision of common resources because they:

A government ban on a good that suffers from overconsumption may be ineffective if the:

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 would shift:

Excludability matters because it: