Principles of Microeconomics
7th Edition
ISBN: 9781305156050
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Question
Chapter 11, Problem 3CQQ
To determine
Relevance of public goods.
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Which of the following is an example of a public good?
A. Movie Theater
B. Tacos
C. Natural History Museum
D. None of the above
Which of the following is the best example of a public good in a classroom?
Select one:
a. anything that is provided free by the government
b. a copy of the textbook
c. a student's notes
d. the temperature in the room
e. a pencil
Name 5 public goods and explain why they are public goods.
Chapter 11 Solutions
Principles of Microeconomics
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- Which of the following is an example of a pure public good? a. A hamburger sold in a restaurant on a college campus b. Medical education to become a doctor c. A hurricane warning siren d. Paper pulp produced with pollution emissions e. A ticket to the movie theaterarrow_forwardWhich of the following items is an example of using a public good? O A. playing frisbee with some friends at the park O B. stopping at a red light O C. surfing the Internet O D. fishing in the oceanarrow_forwardDetermine whether the good is a private good, public good, artificially scarce good, or common resources, then explain why in terms of "excludability" and "rivalness" principles. a. Uncongested roads with toll booths upon entry b. Business-class seat on airplane c. Music played in a public parkarrow_forward
- Which 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 stadiumarrow_forwardWhich of the following is NOT a feature of a public good? a. Non-excludability b. Non-rivalry c. Always provided by the free market d. Generally provided by the governmentarrow_forwardWhich organization was created in 1991 to provide grants for global environment projects? Group of answer choices A. The EPA B. The CIA C. Global environmental facility D. The International Monetary Fundarrow_forward
- Which of these is a pure public good? OA. Satellite radio broadcasts B. Public health sion C. Fresh air D. Gasoline ← PREVIOUSarrow_forwardPlease indicate which of the following is or is not a public good: 1. A public swimming pool at the local recreation center. 2. TikTok videos. 3. Any good that has positive externalities. 4. The children's play area at your local mall.arrow_forwardT5arrow_forward
- A mosquito control program in a city is a A. private good B. club good C. common pool resource good D. public goodarrow_forwardWhich of the following statements about public goods is true? Public goods are more important economically than private goods. It is difficult or impossible to exclude people from the consumption of a public good even if they do not pay. The incentive of private producers to supply public goods is weak. a. I only b. III only c. II and III d. I, II, and IIIarrow_forwardWhat are public goods/services? Provide an example of a public good and say why it is a public good/servicearrow_forward
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