Lecture 13 warm up

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Lecture 13 trivia challenge

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Carolina Santellano

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Lecture 13 warm up


Froggy Jumps Lecture 13 warm upVersión en línea Lecture 13 trivia challenge por Carolina Santellano 1 What is the free rider problem? a Governments fund all public goods b People benefit from a good without paying for it c All participants contribute equally 2 Which issue arises when many actors share the benefits of a policy but none pays for it? a Pareto improvement b Collective action problem c Monopoly power 3 Public goods often generate positive externalities because: a They are always privately funded b They have negative side effects c People benefit beyond those who pay for them 4 Which is an example of a public good? a A subway ride b A national defense system c A private toll road 5 What makes a pure a public good? a Low marginal cost but excludable b Non-rival and non-excludable c Rival and excludable 6 Which is an example of a public good? a National defense b Cable TV c Private park 7 Why are public goods often underprovided in a free market? a Free-rider problem b Limited demand c High production costs 8 Non-excludability means:** a No one can be easily excluded from using it b It cannot be taxed c It is produced privately 9 Which is a method to finance public goods? a User fees only b Private equity c Taxation 10 Public goods can lead to which of the following externalities? a Negative externalities only b Positive externalities c No externalities 11 Which statement best defines a public good’s exclusive use? a Usage is always priced per person b It is difficult to exclude non-payers c It can be easily sold to individuals

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Lecture 13 warm up

Froggy Jumps

Sobre esta actividad

Creada por

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Froggy Jumps

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Froggy Jumps

Lecture 13 warm upVersión en línea

por Carolina Santellano

What is the free rider problem?

Which issue arises when many actors share the benefits of a policy but none pays for it?

Public goods often generate positive externalities because:

Which is an example of a public good?

What makes a pure a public good?

Which is an example of a public good?

Why are public goods often underprovided in a free market?

Non-excludability means:**

Which is a method to finance public goods?

Public goods can lead to which of the following externalities?

Which statement best defines a public good’s exclusive use?