Which of the following would be both nonrival and nonexcludable? Select one: a. a museum b. a road c. an immunization d. a siren tornado warning system

Q: Which of the following is an example of an externality? a. a flu shot that prevents a student from…

A: An externality can be defined as a cost or benefit that arises when goods or services are being…

Q: Determine whether the examples below represent non-rival or non-excludable products: A.…

A: The Non-Excludable feature implies that those who do not pay for the good, can not be debarred from…

Q: There would be a potential market failure if a good was   a. nonexcludable, but not if it was both…

A: Public Goods:Public goods are goods that are both nonrivalous and non- exclude able. Nonrivalous…

Q: Classify each example according to whether it is rivalrous or nonrivalrous, and excludable or…

A: In economics, products are items that satisfy human needs and give utility, for example, to a…

Q: Which of the following goods is nonexcludable?

A: Non excludability is the feature of certain goods. Usually public goods are non excludable and non…

Q: Which of the following is an example of an externality? (x) cigarette smoke that permeates an…

A: Externalities are important concepts in economics, representing the unintended side effects or…

Q: True or false? 1. Externalities stem from missing prices and property rights.

A: The basic concept of externality says that if the pricing system is not taken into consideration of…

Q: Match the following with: rival and excludable, rival and non-excludable, non-rival and excludable,…

A: Basics:- Excludable vs non- excludable:  A good for which you can stop someone to use it, is called…

Q: How would the owner respond to the negative externality caused by smokers?

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Which of the following is an example of a positive externality? A. Pollution from a factory B. Noise…

A: Externalities are unintended side effects of economic activities that affect third parties not…

Q: The government is involved in providing many goods and services. For each of the goods or services…

A: This can be described as the use, utilization, or expenditure of resources, commodities or services…

Q: An externality Select one: a. all answers are correct b. arises when property rights don’t exist or…

A: An externality is the external cost or external benefit incurred or received by an individual who is…

Q: An externality is Select one: a. a market equilibrium tax. b. the costs that parties incur in the…

A: Externality is one the examples of market failure.

Q: Which type of country would be most likely to invest heavily in environmental protection? Group of…

A: The Gross Domestic Product (GDP) per capita refers to a measure of the total amount of money earned…

Q: Doesn’t environmental protection hurt the economy?

A: Enviornmental protection refers to the government programs and activities to protect and maintain…

Q: Explain the two main causes of market failure (externality and market power) and give an example of…

A: market failure is a situation in which the allocation of goods and services by a free market is not…

Q: public good is defined as a good or service

A: Public goods are those which are non rivalrous and non excludable means they are available to all…

Q: a. A popular national forest known for having dozens of access points for its well-used hiking…

A: The consumed products by the households, govts and sometimes firms are called goods.Goods can be…

Q: The farmer takes the rancher to court and the judge decides putting up a fence is the farmer’s…

A: An economic concept known as an externality refers to the unintentional side effects or…

Q: what is one function of the government other than correcting externalities?

A: An externality refers to the impact of economic activity on parties that are not directly involved…

Q: Which of the following is a positive externality?

A: Positive externality is the externality which impacts the society positively.  It occurs when the…

Q: if the production of cars produces damaging pollution, we would expect the unregulated market to?

A: Market failure is defined as a situation under which an inefficient distribution of goods takes…

Q: Explain how providing education to all children in grades K-12 provides external benefits to…

A: We show thatt the positive externality is when the bystander bears the advantage of any activity.…

Q: Give an example of a negative externality that you have witnessed or are personally aware of. Who is…

A: One day, one of my neighbors was smoking in a public park with kids around. His smoking was…

Q: Which of these are Rival in Consumption but not Excludable? O Private Goods O Club Goods O Public…

A: A common good, likewise called a common property asset, is a good that is non-excludable and rival.…

Q: ph, show how an unaccounted-for negative externality results in inefficiency

A: Externalities refers to the side effects of economic activities that are not accounted for or such…

Q: If you can prevent someone from consuming a good, that good is called

A: If a good is prevented from its consumption, then it is an example of a private good.

Q: Concerts in arenas are not excludable because it is virtually impossible to prevent someone from…

A: Non-excludable goods are those goods that cannot exclude a certain individual or group of…

Q: When a company is granted a patent by the U.S. government, Select one: a. a piece of general…

A: Meaning of Patents: The term patent refers to an official exclusively legal authority given by the…

Q: Classify each of the foods goods according to whether it is ravalrous, nonrivalrous, excludabe, or…

A: Rivalrous Goods:Rivalrous goods are goods for which consumption by one person reduces the…

Q: The market works efficiently in the absence of externalities if the good is   a rival and…

A: The externality is defined as the cost or benefit that is unrelated to the third party involved. It…

Q: Our very existence makes environmental problems inevitable. Environmental problems are not new.…

A: Externality is the negative or positive spillover by the consumer or producer which affects the…

Q: Which of the following would create a negative externality? A person plays loud music that can be…

A: An externality is a cost or benefit developed by the producer and incurred or received by the third…

Q: Which of the following is NOT the way to solve the problem of negative externalities? a. Transfer…

A: In economics, the term externality is used to define the impact of one's action on any other…

Q: Which of the following is an example of a nonexcludable good? O A) A flu vaccine B) A Broadway show…

A: Answer: Correct option: C) Fish in the ocean Explanation: A non-excludable good is free for…

Q: When people cannot be prevented from using a good, and it is free of charge to everyone, then that…

A: A good that is free of charge to everyone and it is not possible to prevent anyone from using it, it…

Q: What is an example of a positive externality? A) Air pollution from a factory B) Water contamination…

A: The objective of the question is to identify an example of a positive externality from the given…

Q: Provide three examples of public goods and services in your hometown. Explain how each is non-rival…

A: Generally, a public good or service that are available to all the members of a society by the…

Q: there is a free rider problem in a New Year’s Eve celebration in Times Square, New York? Yes…

A: A market failure known as the "free rider problem" happens when consumers take advantage of…

Q: Which of the following is the best example of a good or service that would be considered rival and…

A: Any goods can be categorized based on rivalry and excludability. This can be illustrated by the…

Q: Ricky, a retired railroad conductor and Lucy, a full time lab technician are next door neighbors in…

A: Externalities refer to the cost or benefits of an economic transaction imposed on a third party not…

Q: a. When a firm imposes an external social cost (negative externality), the government should impose…

A: When the production or consumption of a product incurs a cost to a third party, it is referred to as…

Q: Which of the following are examples of negative externalities? A. Reduced spread of COVID-19 and…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…