1、435Chapter 11Public Goods and Common ResourcesMultiple Choice1. For most goods in an economy, the signal that guides the decisions of buyers and sellers isa. greed.b. consumer surplus.c. prices.d. profits.ANS: C PTS: 1 DIF: 1 REF: 11-0TOP: Private goods MSC: Applicative2. When goods do not have a pr
2、ice, which of the following primarily ensures that the good is produced?a. entrepreneursb. the governmentc. charitiesd. the marketANS: B PTS: 1 DIF: 1 REF: 11-0TOP: Public goods MSC: Applicative3. When a good is excludable, a. one persons use of the good diminishes another persons ability to use it.
3、b. people can be prevented from using the good.c. no more than one person can use the good at the same time.d. everyone will be excluded from using the good.ANS: B PTS: 1 DIF: 1 REF: 11-1TOP: Excludability MSC: Definitional4. A good is excludable ifa. one persons use of the good diminishes another p
4、ersons enjoyment of it.b. the government can regulate its availability.c. it is not a normal good.d. people can be prevented from using it.ANS: D PTS: 1 DIF: 1 REF: 11-1TOP: Excludability MSC: Definitional5. Excludability is the property of a good wherebya. one persons use diminishes other peoples u
5、se.b. a person can be prevented from using it.c. a good is private, not public.d. a good is public, not private.ANS: B PTS: 1 DIF: 1 REF: 11-1TOP: Excludability MSC: Definitional6. Goods that are excludable include botha. natural monopolies and public goods.b. public goods and common resources.c. co
6、mmon resources and private goods.d. private goods and natural monopolies.ANS: D PTS: 1 DIF: 2 REF: 11-1TOP: Excludability MSC: Applicative7. Goods that are not excludable include botha. private goods and public goods.b. natural monopolies and common resources.c. common resources and public goods.d.
7、private goods and natural monopolies.ANS: C PTS: 1 DIF: 2 REF: 11-1TOP: Excludability MSC: Applicative436 Chapter 11/Public Goods and Common Resources8. Both public goods and common resources area. rival in consumption.b. nonrival in consumption.c. excludable.d. nonexcludable.ANS: D PTS: 1 DIF: 2 RE
8、F: 11-1TOP: Excludability MSC: Applicative9. Goods that are not excludable are usuallya. higher priced than excludable goods.b. higher priced than rival goods.c. in short supply.d. free of charge.ANS: D PTS: 1 DIF: 2 REF: 11-1TOP: Excludability MSC: Interpretive10. When something of value has no pri
9、ce attached to it,a. externalities will be present.b. the product cannot be produced at any price.c. a natural monopoly will eventually produce the product, and the good will no longer be free.d. private companies will eventually produce the product, and the good will no longer be free.ANS: A PTS: 1
10、 DIF: 2 REF: 11-1TOP: Excludability MSC: Interpretive11. A view of a spectacular sunset along a private beach is an example of aa. private good.b. public good.c. nonrival but excludable good.d. rival but nonexcludable good.ANS: C PTS: 1 DIF: 2 REF: 11-1TOP: Excludability | Rivalry in consumption MSC
11、: Applicative12. Bill owns 3 acres of beautiful wooded land. He has created a short walking trail through the woods. Because the terrain is hilly, the only safe entrance to the trail is at the front of Bills property. When Bill decides to move to be closer to his grandchildren, he donates the land t
12、o the state with the understanding that the land will be used as a state park. Because the trail is short, only about 50 people can comfortably enjoy it. This state park is an example of a good that isa. both rival in consumption and excludable.b. neither rival in consumption nor excludable.c. nonri
13、val in consumption and excludable.d. rival in consumption and nonexcludable.ANS: A PTS: 1 DIF: 3 REF: 11-1TOP: Excludability | Rivalry in consumption MSC: Applicative13. When a good is rival in consumption, a. one persons use of the good diminishes another persons ability to use it.b. people can be
14、prevented from using the good.c. no more than one person can use the good at the same time.d. everyone will be excluded from obtaining the good.ANS: A PTS: 1 DIF: 1 REF: 11-1TOP: Rivalry in consumption MSC: Definitional14. If one persons use of a good diminishes another persons enjoyment of it, the
15、good isa. rival in consumption.b. excludable.c. normal.d. exhaustible.ANS: A PTS: 1 DIF: 1 REF: 11-1TOP: Rivalry in consumption MSC: DefinitionalChapter 11/Public Goods and Common Resources 43715. Goods that are rival in consumption include botha. natural monopolies and public goods.b. public goods
16、and common resources.c. common resources and private goods.d. private goods and natural monopolies.ANS: C PTS: 1 DIF: 2 REF: 11-1TOP: Rivalry in consumption MSC: Applicative16. Goods that are not rival in consumption include botha. private goods and common resources.b. natural monopolies and public
17、goods.c. common resources and public goods.d. private goods and natural monopolies.ANS: B PTS: 1 DIF: 2 REF: 11-1TOP: Rivalry in consumption MSC: Applicative17. A television signal is an example of a good that is a. private.b. nonrival in consumption.c. social.d. nonexcludable in production.ANS: B P
18、TS: 1 DIF: 2 REF: 11-1TOP: Rivalry in consumption MSC: Applicative18. Goods that are rival in consumption but not excludable would be considereda. natural monopolies.b. common resources.c. public goods.d. private goods.ANS: B PTS: 1 DIF: 2 REF: 11-1TOP: Rivalry in consumption MSC: Applicative19. Som
19、e goods can be either common resources or public goods depending ona. whether the good is rival in consumption.b. whether the good is excludable.c. the marginal cost of the good.d. None of the above is correct.ANS: A PTS: 1 DIF: 2 REF: 11-1TOP: Rivalry in consumption MSC: Interpretive20. If a road i
20、s congested, then use of that road by an additional person would lead to aa. negative externality.b. positive externality.c. Pigovian externality.d. free-rider problem with rush hour drivers stuck in traffic.ANS: A PTS: 1 DIF: 2 REF: 11-1TOP: Rivalry in consumption MSC: Applicative21. Which of the f
21、ollowing would not be considered a private good?a. tennis shoesb. pizzac. french friesd. cable TV serviceANS: D PTS: 1 DIF: 1 REF: 11-1TOP: Private goods MSC: Applicative438 Chapter 11/Public Goods and Common Resources22. Which of the following would be considered a private good?a. national defenseb
22、. a public beachc. local cable television serviced. a bottle of natural mineral waterANS: D PTS: 1 DIF: 1 REF: 11-1TOP: Private goods MSC: Applicative23. Most goods in the economy area. natural monopolies.b. common resources.c. public goods.d. private goods.ANS: D PTS: 1 DIF: 1 REF: 11-1TOP: Private
23、 goods MSC: Applicative24. An example of a private good would bea. cable TV service.b. a tornado siren.c. clothing.d. a sunset.ANS: C PTS: 1 DIF: 1 REF: 11-1TOP: Private goods MSC: Applicative25. The value and cost of goods are easiest to determine when the goods area. private goods.b. public goods.
24、c. common resources.d. natural monopolies.ANS: A PTS: 1 DIF: 1 REF: 11-1TOP: Private goods MSC: Applicative26. Private goods are botha. excludable and nonrival in consumption.b. nonexcludable and rival in consumption.c. excludable and rival in consumption.d. nonexcludable and nonrival consumption.AN
25、S: C PTS: 1 DIF: 2 REF: 11-1TOP: Private goods MSC: Applicative27. Which of the following goods is rival and excludable?a. an uncongested toll roadb. an uncongested nontoll roadc. a congested nontoll roadd. a congested toll roadANS: D PTS: 1 DIF: 2 REF: 11-1TOP: Private goods MSC: Applicative28. Whi
26、ch of the following goods is rival in consumption and excludable?a. a slice of pizzab. cable TV servicec. a sunsetd. national defenseANS: A PTS: 1 DIF: 2 REF: 11-1TOP: Private goods MSC: ApplicativeChapter 11/Public Goods and Common Resources 43929. Which of the following goods is rival in consumpti
27、on and excludable?a. a tornado sirenb. an uncongested toll roadc. a homed. the environmentANS: C PTS: 1 DIF: 2 REF: 11-1TOP: Private goods MSC: Applicative30. A vacation house in Colorado is a. not rival in consumption and excludable.b. rival in consumption and excludable.c. not rival in consumption
28、 and not excludable.d. rival in consumption and not excludable.ANS: B PTS: 1 DIF: 2 REF: 11-1TOP: Private goods MSC: Applicative31. A cheeseburger isa. excludable and rival in consumption.b. excludable and nonrival in consumption.c. nonexcludable and rival in consumption.d. nonexcludable and nonriva
29、l in consumption.ANS: A PTS: 1 DIF: 2 REF: 11-1TOP: Private goods MSC: Applicative32. A lighthouse that primarily benefits a single port owner is more like aa. public good.b. natural monopoly.c. private good.d. common resource.ANS: C PTS: 1 DIF: 2 REF: 11-2TOP: Private goods MSC: Applicative33. Supp
30、ose that Martin owns a lighthouse, and Lewis owns a nearby port. Martins lighthouse benefits only those ships that enter Lewiss port. Which of the following statements is not correct?a. Martins lighthouse may be considered a private good.b. Martin can reduce the free-rider problem by charging Lewis
31、a usage fee.c. Martin can exclude Lewiss port from benefiting from the lighthouse by simply turning the power off.d. Martins lighthouse would be considered a common resource.ANS: D PTS: 1 DIF: 3 REF: 11-2TOP: Private goods MSC: Analytical34. Which of the following statements is correct?a. Private go
32、ods and public goods are both excludable and rival in consumption.b. Private goods are rival in consumption but not excludable, whereas public goods are excludable but not rival in consumption.c. Private goods are both excludable and rival in consumption, whereas public goods are neither excludable
33、nor rival in consumption.d. Private goods are neither excludable nor rival in consumption, whereas public goods are both excludable and rival in consumption.ANS: C PTS: 1 DIF: 1 REF: 11-1TOP: Private goods | Public goods MSC: Definitional440 Chapter 11/Public Goods and Common Resources35. Which of t
34、he following statements is not correct?a. Some goods that are often thought of as public goods may be private goods in certain circumstances. For example, a lighthouse that protects a privately owned port may be a private good.b. Some goods that are often though of a private goods may be public good
35、s in certain circumstances. For example, a candy bar could be a public good.c. Antipoverty programs can be an example of a public good because everyone benefits from living in a society with less poverty.d. The government must provide national defense because it is impossible to exclude people from
36、its benefit, and the consumption of national defense is nonrival in consumption.ANS: B PTS: 1 DIF: 2 REF: 11-1TOP: Private goods | Public goods MSC: Analytical36. Which of the following statements is correct?a. Private goods are rival in consumption and excludable.b. Public goods are rival in consum
37、ption but nonexcludable.c. Collecting tolls on all roads is a practical solution to traffic congestion.d. Governments serve their citizens best when they refrain from addressing market failures.ANS: A PTS: 1 DIF: 2 REF: 11-2TOP: Private goods | Public goods MSC: Analytical37. If the local government
38、 in Richmond, Missouri, decides to put on a public fireworks display, the display would bea. excludable.b. rival in consumption.c. a public good.d. All of the above are correct.ANS: C PTS: 1 DIF: 1 REF: 11-1TOP: Public goods MSC: Applicative38. An example of a public good would bea. cable TV service
39、.b. a tornado siren.c. clothing.d. the environment.ANS: B PTS: 1 DIF: 1 REF: 11-1TOP: Public goods MSC: Applicative39. Uncongested, nontoll roads are a good example of aa. public good.b. private good.c. common resource.d. Pigovian good.ANS: A PTS: 1 DIF: 1 REF: 11-1TOP: Public goods MSC: Applicative
40、40. Which of the following is not considered a public good?a. national defenseb. basic researchc. fire protectiond. fighting povertyANS: C PTS: 1 DIF: 1 REF: 11-1TOP: Public goods MSC: Applicative41. When goods are available in an economy free of charge, a. market forces cannot be used to allocate r
41、esources.b. too many of these goods will be produced since there is no cost of production.c. the product will have no value for the majority of the population.d. the goods can only be luxury goods.ANS: A PTS: 1 DIF: 2 REF: 11-1TOP: Public goods MSC: ApplicativeChapter 11/Public Goods and Common Reso
42、urces 44142. Which of the following goods is not rival in consumption and not excludable?a. a hiking trailb. a street lightc. a bicycled. a boatANS: B PTS: 1 DIF: 2 REF: 11-1TOP: Public goods MSC: Applicative43. Which of the following goods is not rival and not excludable?a. an uncongested toll road
43、b. an uncongested nontoll roadc. a congested nontoll roadd. a congested toll roadANS: B PTS: 1 DIF: 2 REF: 11-1TOP: Public goods MSC: Applicative44. Goods that are neither excludable nor rival in consumption would be considereda. natural monopolies.b. common resources.c. public goods.d. private good
44、s.ANS: C PTS: 1 DIF: 2 REF: 11-1TOP: Public goods MSC: Applicative45. Public goods are both a. excludable and nonrival in consumption.b. nonexcludable and rival in consumption.c. excludable and rival in consumption.d. nonexcludable and nonrival in consumption.ANS: D PTS: 1 DIF: 2 REF: 11-1TOP: Publi
45、c goods MSC: Applicative46. Which of the following would be considered a common resource?a. cable televisionb. bottled natural mineral waterc. uncongested toll roadsd. fish in the oceanANS: D PTS: 1 DIF: 1 REF: 11-1TOP: Common resources MSC: Applicative47. The fish in the ocean are an example of aa.
46、 common resource.b. public good.c. private good.d. natural monopoly.ANS: A PTS: 1 DIF: 1 REF: 11-1TOP: Common resources MSC: Applicative48. An example of a common resource would bea. cable TV service.b. a tornado siren.c. clothing.d. the environment.ANS: D PTS: 1 DIF: 1 REF: 11-1TOP: Common resource
47、s MSC: Applicative442 Chapter 11/Public Goods and Common Resources49. Which of the following statements is correct?a. A private good is not rival in consumption but is excludable.b. A public good is both rival in consumption and excludable.c. A common resource is rival in consumption but not excluda
48、ble.d. A natural monopoly is neither rival in consumption nor excludable.ANS: C PTS: 1 DIF: 1 REF: 11-1TOP: Common resources MSC: Definitional50. Goods that are both nonexcludable and rival in consumption would be considereda. natural monopolies.b. common resources.c. public goods.d. private goods.A
49、NS: B PTS: 1 DIF: 2 REF: 11-1TOP: Common resources MSC: Applicative51. Common resources are both a. excludable and nonrival in consumption.b. nonexcludable and rival consumption.c. excludable and rival consumption.d. nonexcludable and nonrival consumption.ANS: B PTS: 1 DIF: 2 REF: 11-1TOP: Common resources MSC: Applicative52. When one person uses a common resource, which of the following does not occur?a. An externality will occur.b. Other people are worse off.c. It is difficult to charge the person for the use of the resource.d. No one else will be able to use th
