Microeconomics Study Set 20
Quiz 5: Externalities,environmental Policy,and Public Goods
A Private Good Is
A private good is A) a good that is rivalrous and nonexcludable. B) a good that is nonrivalrous and nonexcludable. C) a good that is rivalrous and excludable. D) a good that is nonrivalrous and excludable.
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A public good is A) a good that is rivalrous and excludable. B) good that is nonrivalrous and nonexcludable. C) a good that is nonrivalrous and excludable. D) a good that is rivalrous and nonexcludable.
All of the following are examples of public goods except A) broadcast television with commercials. B) clean water systems. C) stock of knowledge in the public domain. D) crime prevention.
Which of the following is an example of a nonexcludable product? A) college education B) a public library C) public transportation D) internet service for your home computer
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