Principles of Microeconomics Study Set 3
Quiz 14: Public Goods and Tax Policy
A Pure Public Good Is One That Is
A pure public good is one that is A) highly nonrival and nonexcludable. B) slightly nonrival and nonexcludable. C) nonexcludable. D) highly nonrival but only slightly nonexcludable.
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A collective good is one that is A) to a degree nonrival but is excludable. B) rival but to a degree nonexcludable. C) consumed by more than one person. D) to a degree both nonrival and nonexcludable.
Of the following,the best example of a pure public good is A) cable TV. B) a national park. C) national defense. D) education.
Suppose that the latest Indiana Jones movie played in theaters first,where it was sold out during its opening week.Several months later it was available on pay-per-view TV.Two years later it was shown on CBS,a broadcast television network. When the movie was playing at the theater it was a _______ good,when it was available on pay-per-view TV it was a _______ good and when it was shown on CBS it was a _______ good. A) private;public;public B) private;collective;public C) collective;private;commons D) collective;commons;public
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