chapter 5 econ pt. 2

Public goods are those that are consumed:

Which of the following is an example of a public good?

Public goods are characterized by:

Which of the following is a valid reason for the government rather than the market to finance the provi-sion of certain economic goods and services?

The determination of which goods are public goods depends on:

When city beautification programs are funded privately:

Which of the following would be an example of a nongovernmental solution to a problem associated with externalities?

An example of a public good is:

The consumption of public goods is

An economist would be most likely to argue that U.S. national defense should be funded through tax revenues because:

An economist would be most likely to argue that U.S. national defense should be funded through tax revenues because:

The free rider problem suggests that an individual will tend to:

Assume that production of a good generates external benefits for others. The equilibrium price of the good will be ____ and the equilibrium quantity ____ for efficient resource allocation.

As an additional consumer obtains the benefits of a public good such as national defense, the benefits to existing consumers:

A free-rider problem arises whenever:

If the production of a particular good involves significant external costs, to force the externality to be internalized the government might:

Public goods are those that are consumed:

Which of the following goods is least likely to be provided by the private sector?

Which of the following is false?

The free rider problem suggests that an individual will tend to:

Of the following, the best example of a private good is:

In a competitive economy with no government sector:

A free-rider problem arises whenever:

Which of the following is true?

If consumers were able to receive the full social benefits associated with the consumption of goods in-volving positive externalities, other things being equal, there would probably be:

Public goods are characterized by:

Which of the following is a valid reason for the government rather than the market to finance the provi-sion of certain economic goods and services?

Public goods, like national defense, are usually funded through government because:

Which of the following is a rival good that is nonexcludable?

If consumers were able to receive the full social benefits associated with the consumption of goods in-volving positive externalities, other things being equal, there would probably be:

Which of the following is true?

Which of the following is an example of a public good?

The free rider problem suggests that an individual will tend to:

Los Angeles Mayor James Hahn believes strongly that education provides great benefits to the commu-nity and urges the state government to provide the district with more money. An economist would say that this reflects Mayor Hahn's belief that:

If the production of a particular good involves significant external costs, to force the externality to be internalized the government might:

Leanne, a local taxpayer, and Crystal, a visitor from out of town, both attend a city-sponsored Fourth of July fireworks display at Prospect Park. Crystal is:

Of the following, the best example of a private good is:

The determination of which goods are public goods depends on

In a competitive economy with no government sector:

Public goods, like national defense, are usually funded through government because:

Which of the following is an example of a public good?

The reason why national defense is commonly provided by the government, while food is not, is that food:

Which of the following is the best example of a public good?

The free-rider problem arises when:

Los Angeles Mayor James Hahn believes strongly that education provides great benefits to the commu-nity and urges the state government to provide the district with more money. An economist would say that this reflects Mayor Hahn's belief that:

If the production of a particular good involves significant external benefits, to force the externality to be internalized the government might:

The free rider problem suggests that an individual will tend to:

Where a free-rider problem exists, goods tend to be:

Which of the following is true?