« previous next »

Author Question: State whether each of the following goods and services is nonrival, nonexcludable or both: a. A ... (Read 102 times)

misspop

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
State whether each of the following goods and services is nonrival, nonexcludable or both:
 
  a. A toll road
  b. A public park
  c. A lighthouse
  d. An art museum
  e. A radio broadcast of A Prairie Home Companion

Question 2

The branch of economics which studies how households and firms interact in markets is called
 
  A) macroeconomics. B) positive economics.
  C) normative economics. D) microeconomics.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


jonathanballen97

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 29, 2018
Answer to Question 1

a. Nonrival, although rivalry could exist during traffic congestion.
b. Both, although rivalry could exist under some circumstances, such as when there is a sporting event or a private party.
c. Both
d. Nonrival and excludable if admission requires the purchase of a ticket.
e. Both

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

misspop

  • Hero Member
  • *****
  • Posts: 540
Reply #2 on: Jun 29, 2018
Correct answers!


jonathanballen97

  • Sr. Member
  • ****
  • Posts: 347
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Iowa State University's Tornado/Microburst Simulator Iowa State University's Tornado/Microburst Simulator
Federal vs state law Federal vs state law
Given the parent function f(x)=log10(bottom exponent)x, state the equation of the function that Given the parent function f(x)=log10(bottom exponent)x, state the equation of the function that
Fraction of obese individuals by state in 1998 and 2008. In 1998, 42 states had obesity rates below Fraction of obese individuals by state in 1998 and 2008. In 1998, 42 states had obesity rates below
Twenty percent of the automobiles inspected at a state inspection station required repairs to ... Twenty percent of the automobiles inspected at a state inspection station required repairs to ...
Video: How do the different types of chromatography work? (No Audio)

For a complete list of videos, visit our video library