Which of the following is a rival good that is nonexcludable?
a. public good
b. private good
c. common resource
d. none of the above
c
You might also like to view...
One way to prevent workers from shirking is to
A) hire only workers who are predisposed toward shirking. B) hire only workers who are predisposed toward not shirking. C) reduce monitoring to zero. D) pay workers a fixed fee.
A college student decides to spend the afternoon watching three movies rented from Red Box. The cost of each movie is $1. The student was willing to pay $4 to rent each of the first two movies and $2 to rent the third movie. What was the marginal benefit received by the student when renting the 1st movie?
A. $1 B. $8 C. $4 D. $2
To reduce the political influence on the Board of Governors,
A) the president of the United States appoints a new board every four years. B) the reelection campaign for each member is less than one year C) each member is appointed for 7 years, with one term expiring every year. D) each member is appointed for 14 years, with one term expiring every two years.
A shift in the above graph from S1 to S2 may represent
A. a tax increase. B. a tax decrease. C. the imposition of a price ceiling. D. the imposition of a price floor.