Multiple Choice
(Figure: Public Goods and Common Resources) Use Figure: Public Goods and Common Resources. The figure lists the type of goods that are available for consumption. Panel D depicts a good that is both nonrival in consumption and nonexcludable. Such a good would be considered a:
A) private good.
B) club good.
C) public good.
D) common resource.
Correct Answer:

Verified
Correct Answer:
Verified
Q32: Water available from a natural spring is
Q33: A side effect of an activity that
Q34: When a good is nonrival and nonexcludable,
Q35: Why are externalities considered a cause of
Q36: A farmer agrees to give a company
Q38: (Market 6) Use the graph to answer
Q39: Traffic congestion is a common example of
Q40: (Table: Pollution and Marginal Cost of Reduction)
Q41: For all economies, the extra external benefit
Q42: The free-rider problem is most common when