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
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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question

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

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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