Homework Assignment #8 (Due Sunday. April 2"d at 11:59pm CST) Spring 2023 Econ 217 Name Instructor: Kelly Gollan 1. (0.2 pt) Which two categories of goods are excludable? and 2. (0.2 pt) Which two categories of goods are rival in consumption? and 3- (0-1 Pt) are overused in the absence of government. 4~ (0'1 W) are underprovided in the absence of government. 5. Exglain which of the four categories each of the following goods falls into: (The four categories are public good. private good. club good, and common resource.) a. (0.15 pt) U.S. postal service b. (0.15 pt) Snow plowing of city streets c. (0.15 pt) Education d. (0.15 pt) Old gravel country (rural) road 6. Charlie loves watching Downton Abbey on his local public TV station, but he never sends any money to support the station during its fund-raising drives. a. (0.1 pt) What name do economists have for people like Charlie? b. (0.1 pt) How can the government solve the problem caused by people like Charlie? c. (0.1 pt) Can you think of ways the private market can solve this problem? 7. Wireless. high-speed Internet is provided for free in the airport of the city of Communityville. a. (0.15 pt) At first. only a few people use the service. What category of good is this and why? b. (0.15 pt) Eventually. as more people nd out about the service and start using it. the speed of the connection begins to fall. Now what category of good is the wireless Internet service and why? 0. (0.2 pt) What problem might result and why? What is one possible way to correct this