econ ch 11

10. The tragedy of the commons results when a good is A. Rival in consumption and not excludable B. Excludable and not rival in consumption C. Both rival in consumption and excludable D. Neither rival in consumption nor excludable

A (rival in consumption and not excludable)

3. Goods that are rival in consumption include both A. Club and public B. public and common C. Common resources and private goods D. Private goods and club goods

C (common and private

4. Which of the following would not be considered a private good? A. a sweater B. Slice of pizza C. A toyota prius D. Cable tv service

D (cable tv)

2. Goods that are excludable include A. Clubs good and public goods B. public goods and common resources C. Common resources and private goods D. private goods and club goods

D (private and club)