In writing about the increased popularity of national parks in the United States, such as Yosemite, Yellowstone, andthe Grand Canyon, environmental economist Margaret Walls wrote:When one person's visit to a park doesn't appreciably diminish the experience for others, the fee to use thepark should be zero. That doesn't apply when the public good starts to experience congestion problems...thePark Service should...[charge] a significantly higher fee at the most popular parks during the summer months.Source: Margaret A. Walls, "Protecting Our National Parks: Entrance Fees Can Help," Resources, No. 193, Fall 2016.Are Yosemite and other national parks public goods? Briefly explain.A. Yes, they are public goods because national parks such as Yosemite are common resources that are oftenoverused.B. No, Yosemite and other national parks are not public goods when congestion diminishes others'enjoyment of them.C. No, Yosemite and other national parks are not public goods because the government has the propertyrights.D. Yes, Yosemite and other national parks are public goods because visitors must pay user fees to beadmitted.

A public good is a good that is both, non-excludable and non-rivalrous, in nature such that no…

Are Yosemite and other national parks public goods? Briefly explain. A. Yes, they are public goods because national parks such as Yosemite are common resources that are ofter overused. B. No, Yosemite and other national parks are not public goods when congestion diminishes others' enjoyment of them. C. No, Yosemite and other national parks are not public goods because the government has the property rights. O D. Yes, Yosemite and other national parks are public goods because visitors must pay user fees to be admitted.

Are Yosemite and other national parks public goods? Briefly explain. A. Yes, they are public goods because national parks such as Yosemite are common resources that are ofter overused. B. No, Yosemite and other national parks are not public goods when congestion diminishes others' enjoyment of them. C. No, Yosemite and other national parks are not public goods because the government has the property rights. O D. Yes, Yosemite and other national parks are public goods because visitors must pay user fees to be admitted.

Principles of Economics, 7th Edition (MindTap Course List)

7th Edition

ISBN:9781285165875

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter11: Public Goods And Common Resources

Section: Chapter Questions

Problem 2PA

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