简答题\n Which of the following goods is rival in consumption and excludable? A、a fireworks display B、national defense C、a box of sparklers D、a parade\n简答题\n On the Fourth of July, there is no fireworks display in the small town of Yankeeville, even though it would be efficient for such a display to be produced. Which of the following statements is correct? A、The lack of a fireworks display in Yankeeville arises because of an externality. B、The lack of a fireworks display in Yankeeville is a case of market failure. C、In deciding not to produce a fireworks display in Yankeeville, private individuals and private firms made decisions that were privately rational but socially inefficient. D、All of the above are correct.\n简答题\n Who among the following is a free rider? A、Ernie listens to National Public Radio, but does not contribute to any fundraising efforts. B、Bert takes the commuter rail to work, but he purchases the discounted monthly passes rather than buying tickets each day. C、Grover sends his 5 children to a private school rather than to the public school in his neighborhood. D、Oscar goes to Elmo’s house to watch a football game on the local television channel.\n简答题\n Markets do not ensure that the air we breathe is clean because A、clean air has no value. B、the government prevents markets from doing so. C、property rights are not well established for clean air. D、clean air is impossible to produce .\n简答题\n A free rider is a person who A、will only purchase a product on sale. B、receives the benefit of a good but avoids paying for it. C、can produce a good at no cost. D、rides public transit regularly.\n简答题\n Governments can improve market outcomes for A、public goods but not common resources. B、common resources but not public goods. C、both public goods and common resources. D、neither public goods nor common resources.\n简答题\n Which of the following is not a public good? A、national defense B、patented technological knowledge C、general knowledge D、the elimination of poverty\n简答题\n A free city street is A、always a public good, whether or not it is congested. B、a public good when it is congested, but it is a common resource when it is not congested. C、a common resource when it is congested, but it is a public good when it is not congested. D、always a common resource, whether or not it is congested.\n简答题\n Which of the following is not a way for the government to solve the problem of excessive use of common resources? A、regulation B、taxes C、turning the common resource into a public good D、turning the common resource into a private good\n简答题\n Each of the following is likely to be a successful way for the government to solve the problem of overuse of a common resource except A、regulating the use or consumption of the common resource. B、taxing the use or consumption of the common resource. C、selling the common resource to a private entity. D、asking individuals to voluntarily reduce their use of the resource.\n简答题\n It is commonly argued that national defense is a public good. Nevertheless, the weapons used by the U.S. military are produced by private firms. We can conclude that A、resources would be used more efficiently if the government produced the weapons. B、resources would be used more efficiently if private firms provided national defense. C、weapons are rival in consumption and excludable, but national defense is not rival in consumption and not excludable. D、national defense is rival in consumption and excludable, but weapons are not rival in consumption and not excludable.\n简答题\n In which of the following examples are property rights not well established? A、Carmen smokes a cigarette outside the door to her office building. B、Carlita stocks shelves in a grocery store. C、Cameron watches a movie in his home theater room. D、Cathy docks her boat at her lake house.\n简答题\n Goods that are rival in consumption but not excludable would be considered A、club goods. B、common resources. C、public goods. D、private goods.\n简答题\n Mike Miller is the town manager of Medfield, a town with 50,000 residents. At a recent town meeting, several citizens proposed building a large public swimming pool in the center of town for all of the residents to enjoy. A survey of all 50,000 residents revealed that the pool would be worth 1,000,000. Which of the following is the most efficient option? A、The pool should be built and paid for with donations collected from residents, as these donations should more than cover the cost of the pool. B、The pool should be built and paid for by the town government and paid for with a tax on the residents because all residents would benefit from it but some residents would not donate if they were asked. C、The pool should be built and paid for by the wealthiest ten percent of the residents. D、The pool should not be built because the social value does not exceed the cost.\n简答题\n Which of the following represents a potential solution to the problem of environmental pollution? A、corrective taxes B、well established property rights C、government regulation D、All of the above are correct.\n简答题\n Which of the following statements is not correct? A、Common resources are rival in consumption but are not excludable. B、Uncongested toll roads are examples of club goods. C、When African elephants were privatized, the survival of the species deteriorated. D、National defense is not rival in consumption, nor is it excludable.\n简答题\n When a good is excludable, A、one person's use of the good diminishes another person's ability to use it. 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.\n简答题\n Property rights are well established for A、private goods. B、public goods. C、common resources. D、both public goods and common resources.\n简答题\n Which parable describes the problem of wild animals that are hunted to the point of extinction? A、Coase theorem B、The Tragedy of the Commons C、The Wise Woman D、The Tortoise and the Hare\n简答题\n If one person's use of a good diminishes another person's enjoyment of it, the good is A、rival in consumption. B、excludable. C、normal. D、exhaustible.\n