A television broadcast of the World Series: O A. A common resource B. A private good C. A quasi-public good O D. A public good Mail delivery: O A. A private good B. A public good C. A quasi-public good O D. A common resource Education in a public school (Grades K through 12): O A. A private good O B. A common resource C. A public good O D. A quasi-public good Education in a private school (Grades K through 12): O A. A common resource B. A public good OC. A quasi-public good D. A private good O O O O

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
A television broadcast of the World Series:
O A. A common resource
O B. A private good
O C. A quasi-public good
Excludable
Nonexcludable
O D. A public good
Common
Mail delivery:
Rival
Private Goods
Resources
O A. A private good
O B. A public good
OC. A quasi-public good
Quasi-
Nonrival
Public Goods
Public Goods
O D. A common resource
Education in a public school (Grades K through 12):
O A. A private good
O B.
A common resource
OC. A public good
O D. A quasi-public good
Education in a private school (Grades K through 12):
O A. A common resource
O B. A public good
OC. A quasi-public good
O D. A private good
Hiking in a large park (no congestion) surrounded by a fence:
O A. A public good
O B. A quasi-public good
Next
Transcribed Image Text:A television broadcast of the World Series: O A. A common resource O B. A private good O C. A quasi-public good Excludable Nonexcludable O D. A public good Common Mail delivery: Rival Private Goods Resources O A. A private good O B. A public good OC. A quasi-public good Quasi- Nonrival Public Goods Public Goods O D. A common resource Education in a public school (Grades K through 12): O A. A private good O B. A common resource OC. A public good O D. A quasi-public good Education in a private school (Grades K through 12): O A. A common resource O B. A public good OC. A quasi-public good O D. A private good Hiking in a large park (no congestion) surrounded by a fence: O A. A public good O B. A quasi-public good Next
Education in a private school (Grades K through 12):
O A. A common resource
Excludable
Nonexcludable
O B. A public good
OC. A quasi-public good
Common
Rival
Private Goods
O D. A private good
Resources
Hiking in a large park (no congestion) surrounded by a fence:
Quasi-
O A. A public good
Nonrival
Public Goods
Public Goods
O B. A quasi-public good
O C. A private good
O D. A common resource
Hiking in a large park (no congestion) not surrounded by a fence:
O A. A private good
O B. A quasi-public good
O C. A common resource
O D. A public good
An apple:
O A. A quasi-public good
O B. A public good
OC. A common resource
O D. A private good
Transcribed Image Text:Education in a private school (Grades K through 12): O A. A common resource Excludable Nonexcludable O B. A public good OC. A quasi-public good Common Rival Private Goods O D. A private good Resources Hiking in a large park (no congestion) surrounded by a fence: Quasi- O A. A public good Nonrival Public Goods Public Goods O B. A quasi-public good O C. A private good O D. A common resource Hiking in a large park (no congestion) not surrounded by a fence: O A. A private good O B. A quasi-public good O C. A common resource O D. A public good An apple: O A. A quasi-public good O B. A public good OC. A common resource O D. A private good
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