Multiple Choice Questions
1. Which categories of goods are excludable?
a. Private goods and club goods
b. Private goods and common resources
c. Public goods and club goods
d. Public goods and common resources
2. Which categories of goods are rival in consumption?
a. Private goods and club goods
b. Private goods and common resources
c. Public goods and club goods
d. Public goods and common resources
3. Which of the following is an example of a public good?
a. Residential housing
b. National defense
c. Restaurant meals
d. Fish in the ocean
4. Which of the following is an example of a common resource?
a. Residential housing
b. National defense
c. Restaurant meals
d. Fish in the ocean
5. Public goods are
a. Efficiently provided by market forces.
b. Underprovided in the absence of government.
c. Overused in the absence of government.
d. A type of natural monopoly.
6. Common resources are
a. Efficiently provided by market forces.
b. Underprovided in the absence of government.
c. Overused in the absence of government.
d. A type of natural monopoly.