Public Goods and Tragedy of the Commons

Public Goods and Tragedy of the Commons

11th - 12th Grade

10 Qs

quiz-placeholder

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Public Goods and Tragedy of the Commons

Public Goods and Tragedy of the Commons

Assessment

Quiz

Social Studies

11th - 12th Grade

Medium

Created by

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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