ECO 182 CHAPTER 11 PUBLIC GOODS AND COMMON RESOURCES EXAM QUESTIONS AND ANSWERS
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ECO 182
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ECO 182
ECO 182 CHAPTER 11 PUBLIC GOODS AND COMMON RESOURCES EXAM QUESTIONS AND ANSWERS
Excludable Good
A good is excludable if a person can be excluded from using it.
EX:Bottled water, animals in a zoo, pizza from a pizza shop
Non excludable good
A good is noexcudlable if a person can not be excl...
eco 182 chapter 11 public goods and common resourc
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ECO 182 CHAPTER 11 PUBLIC GOODS AND COMMON
RESOURCES EXAM QUESTIONS AND ANSWERS
Excludable Good
A good is excludable if a person can be excluded from using it.
EX:Bottled water, animals in a zoo, pizza from a pizza shop
Non excludable good
A good is noexcudlable if a person can not be excluded from using it.
EX: Water fountain water, wildlife
Rival in consumption
A good is rival in consumption if one persons use of it reduces others use
Rival: beer, pizza
Non-rival: Internet use, phone use, radio waves
Private goods( food, clothing, cars)
Excludable, Rival
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