A public good is
1 rival
2 nonrival
3 excludable
4 nonexcludable
Public Goods and Tragedy of the Commons
Quiz
•
Social Studies
•
11th - 12th Grade
•
Medium
Patricia Metivier
Used 65+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A public good is
1 rival
2 nonrival
3 excludable
4 nonexcludable
1 and 3
1 and 4
2 and 3
2 and 4
4 only
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT an example of a public good?
Fireworks display
Public Transportation
National Defense
Lighthouse
None of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following goods is nonexcludable?
city bus
toll bridge
lighthouse
art museum
all of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The free rider problem for a public good means that
the good is rival
the good is excludable
the market produces more than the efficient quantity
the market produces less that the efficient quantity
the market produces the efficient quantity
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The tragedy of the commons is the absence of incentives to
reduce marginal cost of common access resources
prevent underuse of common access resources
prevent overuse of common access resources
discover new common access resources
export wool in sixteenth-century England
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a private good?
Apples
Park Bench
Netflix
School WiFi
all of the above
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The excludability feature of goods leads to the free-rider problem.
True
False
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