Which of the following scenarios best exemplifies a non-excludable and non-rivalrous good?

An uncongested river in a state where people can fish

A wireless internet service with password protection

A tornado warning siren

An online newspaper requiring a subscription

A pair of shoes made by a popular name brand

A per-unit tax on a good with relatively inelastic demand will result in

less tax revenue than if demand were elastic

a lower tax burden on consumers than on producers

more deadweight loss than if demand were elastic

a higher tax burden on consumers than on producers

a tax burden that is equally distributed between consumers and producers

What is the most direct effect of a lump-sum production subsidy?

It increases market competition.

It corrects a positive externality.

It corrects a negative externality.

It encourages production of private goods.

It increases profit without affecting output.

The research report of a scientist is only accessible through the purchase of a journal, a magazine for professional academic topics. What type of good best describes this report?

Public good

Private good

Survival good

Artificially scarce good

Common pool resource

A per-unit subsidy would be an effective remedy for

a natural monopoly

underproduction of a good

overconsumption of a good

a negative production externality

insurmountable barriers to market entry