Source: file:///C:/Users/shyne/Downloads/club%20good%20_%20The%20Bad%20Economist.pdf

1/ Private goods are:

nonexcludable and nonrival.

nonexcludable and rival.

excludable and rival.

excludable and nonrival.

2/ Public goods are:

excludable and nonrival.

nonexcludable and nonrival.

nonexcludable and rival.

excludable and rival.

3/ Club goods are:

nonexcludable and nonrival.

excludable and nonrival.

nonexcludable and rival.

excludable and rival.

4/ Common goods are:

nonexcludable and nonrival.

nonexcludable and rival.

excludable and rival.

excludable and nonrival.

5/ One example of private goods is:

military defense.

a meadow.

wireless internet connection.

iPhone 11

6/ One example of public goods is:

a meadow.

military defense.

wireless internet connection.

iPhone 11.

7/ One example of club goods is:

a meadow.

military defense.

iPhone 11.

wireless internet connection.

8/ One example of common goods is:

military defense.

wireless internet connection.

a meadow.

iPhone 11.

9/ Tragedy of the commons is an explanation for public goods.

True

False