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?54views
- Multiple ChoiceWhich of the following is an example of a durable good?63views
- Multiple ChoiceWhich of the following goods is both rival and excludable?56views
- Multiple ChoiceDairy items, fresh fruit, and newspapers are items that are best classified as which type of good based on excludability and rivalry?55views
- Multiple ChoicePrivate goods exhibit two consumption characteristics: they are excludable and .70views
- Multiple ChoiceWhich of the following is NOT a characteristic of a public good?48views
- Multiple ChoiceWhich two characteristics are used to differentiate private goods from public goods?69views
- Multiple ChoiceWhich of the following is not one of the four types of goods classified by excludability and rivalry?58views
- Multiple ChoiceWhich of the following is an example of a public good?80views
- Multiple ChoiceA rental car company buys 30 new automobiles. The automobiles are examples of which type of good?45views
- Multiple ChoiceWhich of the following best describes a nondurable good?45views
- Multiple ChoiceWhich of the following pairs of goods are considered substitutes in microeconomics?55views
- Open Question
Label the goods as Private Goods (PRI), Common Resources (CR), Club Goods (CG), or Public Goods (PUB).
346views1rank - Multiple Choice
A slice of pizza is:
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