Take a look at the following list of goods and services: Apples Open-heart surgery Cable television Farm-raised
Question:
Apples
Open-heart surgery
Cable television
Farm-raised salmon
Yosemite National Park
Central Park, New York
The Chinese language
The idea of calculus
a. Is each item on the list excludable or nonexcludable? Sometimes the border is a little fuzzy, but justify your answer if you think there’s any ambiguity.
b. Rival or nonrival?
c. Based on your answers to parts a and b, sort each good or service into one of the four categories from Table 19.1.
d. How do you exclude people from a park?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: