Exam 19: Public Goods and Common Resources

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

Public goods,when left to the private market will be:

The type of good that is most likely to be subject to market failure is:

When the government bans a good:

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

When a good is not easily excludable,what people pay for it will:

The free-rider problem is triggered by being:

Which of the following is not an example of a public good that the government has made excludable?

Goods that are rival in consumption and excludable are:

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

A smart phone would be considered:

When the government bans a good:

Traffic lights would be considered:

Most goods are:

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

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:

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:

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

The free rider problem is caused by the:

Wikipedia is an example of a: