Multiple Choice
Which of the following is an example of a pure public good?
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8. The Types of Goods
Four Types of Goods and Two Characteristics
Back8. The Types of Goods
Four Types of Goods and Two Characteristics
- Multiple ChoiceWhich of the following best describes the difference between a good and a service in microeconomics?61views
- Multiple ChoiceWhich of the following is an example of a durable good?76views
- Multiple ChoiceWhich of the following goods is both rival and excludable?67views
- Multiple ChoiceDairy items, fresh fruit, and newspapers are items that are best classified as which type of good based on excludability and rivalry?70views
- Multiple ChoicePrivate goods exhibit two consumption characteristics: they are excludable and .81views
- Multiple ChoiceWhich of the following is NOT a characteristic of a public good?66views
- Multiple ChoiceWhich two characteristics are used to differentiate private goods from public goods?77views
- Multiple ChoiceWhich of the following is not one of the four types of goods classified by excludability and rivalry?65views
- Multiple ChoiceWhich of the following is an example of a public good?97views
- Multiple ChoiceA rental car company buys 30 new automobiles. The automobiles are examples of which type of good?55views
- Multiple ChoiceWhich of the following best describes a nondurable good?55views
- Multiple ChoiceWhich of the following pairs of goods are considered substitutes in microeconomics?64views
- Open Question
Label the goods as Private Goods (PRI), Common Resources (CR), Club Goods (CG), or Public Goods (PUB).
347views1rank - Multiple Choice
A slice of pizza is:
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