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Are the following goods non-rival in consumption? a. slice of pizza b. laptop computer c. public radio d. ice cream cone
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- What is traditional media and new media? What are their differences?What is the "rivalry” and “excludability" of the following goods? Also, if applicable, are they classical, club, public, or common goods? a. a smartphone b. a Motrin pill c. the Pythagoras theorem d. sand on the beach a gym membership f. a tower that emits cellular signal e. g. a seat to a concert h. the Solow-Swan Growth Model i. the Kuznet's curve j. chickens on a farmImagine that you own your business. It does not need to be the same as in other questions, youare allowed to pick a different firm or product.a.Think about your production process. Please explain the technology that youuse in the production process.b.How do you think the technology that you use, affects the market structureand/or the demand of your product? Note that this question is NOT about howtechnology affects your production process, therefore, NOT about productivity, NOTabout the cost structure.
- Most websites on the internet are usually becomes difficult to access, so it becomes a because they are free to access and everyone who wants to can visit them at the same time. However, sometimes when a lot of people visit a site at the same time, it o non-rival, club good o rival, private good common resources, public good public goods, common resourceWhen a company is granted a patent by the U.S. government, Select one: a. a piece of general knowledge becomes excludable. b. a piece of specific, technical knowledge becomes rival in consumption. C. a piece of general knowledge becomes rival in consumption. d. a piece of specific, technical knowledge becomes excludable.This is a grant given by the federal government allowing an inventor the exclusive right to a product. A. Bessemer process B. protective tariff C. Patent D. Copyright
- Define the principle of rival consumption. A. idea that subsidies should be given to rival companies in order to encourage competition B. idea that individuals work together to attain private goods because a group can more easily attain private goods than an individual can C. idea that individuals are rivals in consuming private goods because one person’s consumption reduces the amount available for others to consume D. idea that only the strongest entities will be able to attain and consume private goodsMarket failure can be caused by Select one: a. externalities and market power Ob. government intervention and price controls O c. high prices and foreign competition d. low consumer demandWhich of the following goods would be considered a pure public good? Select one: O O O CO a. National defense b. Cable TV c. Toll road d. Sports stadium
- Public goods are a.efficiently provided by market forces. b.underprovided in the absence of government. c.overused in the absence of d.a type of natural monopoly.Describe how drug cartels are able to recruit new members when their members are murdered. Describe also how the concept of drug cartels' corporate social responsibility makes it difficult to control drug trafficking in Latin American countries Do you agree that drug cartels are actually socially responsible? If not, why not?Which of the following are public goods? a. Air bags b. Pencils c. Cycle helmets d. City streetlights e. Contact lenses
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