Essentials of Economics (MindTap Course List)
8th Edition
ISBN: 9781337091992
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Question
Chapter 11, Problem 4CQQ
To determine
Preserve the common resource.
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Students have asked these similar questions
A mosquito control program in a city is a
A. private good
B. club good
C. common pool resource good
D. public good
Match the good with it's best characterization.
A. Open-access resource
B. Private good
C. Public good
D. Club good
select A B C D
1. Poke bowl
select A B C D
2. Clean air
select A B C D
3. Blue fin tuna
select A B C D
4. Private beach
select A B C D
5. Over-crowded public beach
select A B C D
6. Uncrowded public beach
select A B C D
7. Open-source software (like Python, R, or Linux)
select A B C D
8. Commercial software (like Microsoft Word)
select A B C D
9. Organic, free-range chicken
Match the good with it's best characterization.If it is a Public good, private good, club good, or open access resource
1. Poke Bowl
2. Clean air
3. Blue fin tuna
4. Private beach
5. Over-crowded public beach
6. Uncrowded public beach
7. Open-source software (liKe Python, R, an Linux)
8. Commercial software (lIke Microsoft Word)
9. Organic, free-range chicken
Chapter 11 Solutions
Essentials of Economics (MindTap Course List)
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Similar questions
- A Day in the Life:The Johnson's are you average American family living in the average community in suburban Los Angeles.The family consists of mom and dad, Martha and HowardTwo children, Sally and Bobby, & A dog, Franklin. From "A Day in the Life," categorize each of the following examples (D-F) that best fits the description: Public Good, Common Resource, Private Good, or Club Good. 1.Martha, a graphic designer, works at home. Early in the morning, she shuffles Franklin to the (D) Central Park Dog Park, a public park, generally before anyone else arrives there. 2.At 6PM, the family heads of the (E) crowded San Gabriel Valley YMCA (a private facility) for activities and fitness. 3.At 7:30PM the family heads off to (F) dinner at the Lazy Dog Café. Since it is a Tuesday evening, the restaurant is almost empty. 1) (Example D)- State the one that best fits the description: Public Good, Common Resource, Private Good or Club Good 2) (Example E)- State the one that best…arrow_forwardA Day in the Life:The Johnson's are you average American family living in the average community in suburban Los Angeles.The family consists of mom and dad, Martha and HowardTwo children, Sally and Bobby, & A dog, Franklin. From "A Day in the Life," categorize each of the following example A that best fits the description: Public Good, Common Resource, Private Good, or Club Good. 1.Once home, the family gathers in the family room to finish out the day (A) watching TV, using the Spectrum Cable. 1) (Example A)- State the one that best fits the description: Public Good, Common Resource, Private Good or Club Goodarrow_forwardWhat type of good is each of the below: 000 Fish in a lake A crowded beach Traffic Lights National Defense A non-crowded beach iPads Netflix 1. Club Goods 2. Common Resources 3. Private Goods 4. Public Goodsarrow_forward
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