Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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I need help with A, B, C and D.

Transcribed Image Text:Externalities and Public Goods-
End of Chapter Problem
a. A national forest with dozens of access points for hiking trails located along public roads and highways is
excludable
and
nonrival
b. Yellowstone National Park, which charges an entrance fee, is
nonexcludable , and
rival
c. National defense is
excludable
and
rival
d. A seat on a subway train is
nonexcludable
and
nonrival
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