Private goods are O Excludable and rival in consumption Excludable but not rival in consumption Not excludable and not rival in consumption Not excludable but rival in consumption
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- Which of the following goods or services are nonexcludable? police protection streaming music from satellite transmission programs roads primary education cell phone servicePublic goods are:a) neither nonrival nor nonexcludable in consumption b) nonexcludable but rival in consumptionc) rival but nonexcludable in consumptiond) both nonrival and nonexcludable in consumptionWhich of the following goods is excludable but non-rival in consumption? A. National defense B. Leopards in the wild C. Computer software D. Gym membership at a very small gym
- DSTV and the South African Navy differ as both of them are: a. DSTV is nonexcludable and the Navy is excludable. b. DSTV is a public good and the Navy is a private good. c. DSTV is excludable and Navy is nonexcludable. d. DSTV is nonexcludable and the Navy is a public good.Which of the following goods is non-rival and non-excludable? a congested toll road a congested nontoll road an uncongested toll road an uncongested nontoll roadWhy are public goods different than private goods? Group of answer choices Public goods are rivalrous in consumption and excludable, whereas private goods are nonrivalrous in consumption and nonexcludable. Public goods are rivalrous in consumption and nonexcludable, whereas private goods are rivalrous in consumption and excludable. Public goods are nonrivalrous in consumption and nonexcludable, whereas private goods are rivalrous in consumption and excludable. Public goods are nonrivalrous in consumption and excludable, whereas private goods are rivalrous in consumption and excludable. Public goods are rivalrous in consumption and excludable, whereas private goods are nonrivalrous in consumption and excludable.
- A public good is defined as a good or service produced by a single country. that is rival and excludable. that is nonrival and nonexcludable. that is something tangible. that is rival and nonexcludable.What is the name for each of the following classes of goods, and provide two examples for each. Explain why each example belongs to that class. (a) Goods that are rival in consumption and excludable. (b) Goods that are non-rival in consumption and excludable. (c) Goods that are rival in consumption and non-excludable. (d) Goods that are non-rival in consumption and non-excludable.A common resource is O rival and nonexcludable. O nonrival and nonexcludable. O rival and excludable. O nonrival and excludable.
- A good or resource that is both nonrival and nonexcludable is a public good. nonexistent because it is impossible for a good or resource to be both nonrival and nonexcludable. a private good. a good that is impossible to produce. a common resource.Which of the following are non-rival? a) A particular blu-ray disc of a Batman movie b) The design of Batman's costume c) Drinking water from a public river d) The view of a public river Which of the following are non-excludable? a) A particular blu-ray disc of a Batman movie b) The design of Batman's costume c) Drinking water from a public river d) The view of a public riverSuppose that a small company is thinking of putting plants in their lobby for employees to view and enjoy. Since the plants are to be viewed by employees, the plants are non-excludable (it is infeasible to move a plant each time a specific individual walks by) and non-rival in consumption (if one worker looks at the plant, it does not prevent another from doing so as well). The company employs three workers: Robin, Alex, and Sharon. The company is thinking about buying up to three plants, and wants to know how much workers would enjoy each plant. For Robin, the first plant has a benefit of $47 per day, the second plant has a benefit of $37 per day, and the third plant has a benefit of $13 per day. For Alex, the first plant has a benefit of $41 per day, the second has a benefit of $28 per day, and the third has a benefit of $6 per day. For Sharon, the first plant has a benefit of $31 per day, the second has a benefit of $19 per day, and the third has a benefit of $2 per day. Given that…