ECO 450 Week 4 Quiz
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Question 1
Which of the following is a good example of a congestible public good?
Question 2
A baseball field is:
Question 3
A means of creating a price-excludable public good is:
Question 4
An example of an undesirable public good (or public “bad”) is:
Question 6
The marginal cost of making a given quantity of a congestible public good available to more con¬sumers is:
Question 7
Public transportation is:
Question 8
The efficient output of a pure public good is achieved at the point at which:
Question 9
The demand curve for a pure public good is:
Question 10
The nonrival property of pure public goods implies that the:
Question 11
The principle of nonexclusion for pure public goods means that the benefits of the good:
Question 12
The free-rider problem:
Question 13
Cable TV programming is an example of a:
Question 14
The marginal cost of providing a certain quantity of a pure public good to an additional consumer after it is provided to any one consumer is:
Question 15
The monthly rental rate for a satellite dish antenna is $200. The maximum marginal benefit that any resident of a condominium community will obtain per month from the antenna is $50. There are 100 residents in the community, none of whom values the antenna at less than $25 per month. Assuming that the antenna is a pure public good for residents of the community,
Question 16
If a person has multiple-peaked preferences for a pure public good,
Question 17
A community currently hires 10 security guards per week to patrol their neighborhood. Each secu¬rity guard costs $300 per week. Assuming that the tax-sharing arrangement agreed to results in each of 300 voters paying the same tax share, each voter pays a weekly tax bill of:
Question 18
If all voters have single-peaked preferences for a pure public good, then the political equilibrium under...