If a person can be prevented from using a good, the good is said to be ? A. excludable B. a common resource C. a public goods D. rival

Which of the following is an example of a common resource ? A. a firework displays B. national defense C. iron oneD. a national park

A negative externality affect market efficiency in a manner similar to ? A. an excludable good. B. a private goodC. a common resource D. a public good.

A positive externality affects market efficiency in a manner similar to a ? A. rival goodB. public good C. private good D. common resource

A free rider is a person who ? A. receives the benefits of a good but avoids paying for it. B. pays for a good but fails to receive any benefit from the good C. fails to produce goods but…

Public goods are difficult for a private market to provide due to ? A. the rivalness problem B. the public goods problem C. the Tragedy of the Commons.D. The free-rider problem.

A good produced by a natural monopoly is ? A. rival but not excludable B. neither rival nor excludableC. not rival but excludable D. both rival and excludable

A public good is ? A. neither rival nor excludable B. rival but not excludable. C. both rival but excludable D. not rival but excludable

A person who regularly watches BBC television programs in the UK but fails to pay their TV licence fee is known as ? A. excess baggageB. a free rider C. a costly rider D. a common resource E. an unwelcome…

A congested toll road is ? A. a good produced by a natural monopolyB. a private good C. a public good D. a common resource