Foundations of Economics (8th Edition)
Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 11, Problem 2MCQ
To determine

To choose:

The correct option stating the goods for which free rider problem arises.

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There would be a potential market failure if a good was   a. nonexcludable, but not if it was both excludable and nonrival   b. nonrival, but not if it was both rival and nonexcludable   c. both nonrival and nonexcludable, but not if it was either rival or excludable   d. either nonexcludable or nonrival Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
pointe If you can prevent someone from consuming a good, that good is called A. nonexcludable. B. rival. C. a public good. D. excludable. E. nonrival.
Which one does not belong to the externalities contributed by oil? a. Emissions that pollute the environment. b. National security c. Hydrocarbons that potentially contribute to climate d. Mercury emission from burning oil to produce electricity.
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