Which of the following would not be considered a private good?
A pencil
B. A sweater
C. A jeep
D. Cable TV service
查看答案
People cannot be prevented from using a good if the good is a
A. private good or a public good.
B. private good or a common resource.
C. public good or a common resource.
D. public good or a club good.
A free rider is a person who
A. will only purchase a product on sale.
B. receives the benefit of a good but avoids paying for it.
C. can produce a good at no cost.
D. rides public transit regularly.
Knowledge that is patented is a
A. public good, whereas knowledge that is not patented is a common resource.
B. private good, whereas knowledge that is not patented is a club good.
C. common resource, whereas knowledge that is not patented is a private good.
D. club good, whereas knowledge that is not patented is a public good.
Producers have little incentive to produce a public good because
A. the social benefit is less than the private benefit.
B. the social benefit is less than the social cost.
C. there is a free-rider problem.
D. there is a Tragedy of the Commons.
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