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- Route 66 is a toll road that is congested only duringrush hour. During other times of day, the use of thehighway is not _________, so the efficient toll is_________.a. excludable; higherb. excludable; zeroc. rival in consumption; higherd. rival in consumption; zeroPublic 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 consumptionIn order for a good to be classified as ________________, when one person uses the good, it does not prevent others from using it. (THIS IS AN EXACT DEFINITION) unrivalrious. non-rival. non-excludable. excludable.
- A common resource is both excludable, non-rival excludable, rival Onon-excludable, non-rival non-excludable, rival andWhich 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.
- There would be a potential market failure if a good was a. nonexcludable, but not if it was both excludable and nonrival b. nonrival, but not if it was both rival and nonexcludable c. both nonrival and nonexcludable, but not if it was either rival or excludable d. either nonexcludable or nonrival Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Over the past 40 years in the United States, the number of vehicles on the road has A) decreased but the number of vehicle miles has increased, and the pollution per car has increased. B) decreased, the number of vehicle miles has decreased, and the pollution per car has decreased. C) increased, the number of vehicle miles has increased, but the pollution per car has decreased D) increased, the number of vehicle miles has increased, and the pollution per car has increased.Subsidies can be used to internalize positive externalities. Question 13Select one: True False
