Chapter 11

The provision of public goods gives rise to

A good is excludable if

Goods that are not excludable are usually

When a good is rival in consumption

A view of a spectacular sunset along a private beach is an example of a

A congested side street in your neighborhood is

A streetlight is a

Without government intervention, public goods tend to be

A free rider is a person who

The free-rider problem exists with

Because of the free-rider problem,

Which of the following is not a common resource? A. open grazing land B. national defense C. clean water D. clean air

An overcrowded beach is an example of

The Tragedy of the Commons for sheep grazing on common land can be eliminated by the government doing each of the following except A. subsidizing sheep flocks B. auctioning off sheep grazing permits C. assigning land property rights D. taxing sheep flcoks

If the use of a common resource is not regulated,