« previous next »

Author Question: State whether each of the following goods and services is nonrival, nonexcludable or both: a. A ... (Read 54 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?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

The Sleep/Waking Flip-Flop According to Saper et al. (2001), the major sleep-promoting region (the v The Sleep/Waking Flip-Flop According to Saper et al. (2001), the major sleep-promoting region (the v
This chart illustrates the four quadrants in which we can place the relationships between the state This chart illustrates the four quadrants in which we can place the relationships between the state
HCPCs Modifiers Used for Medical Office Services Cont. HCPCs Modifiers Used for Medical Office Services Cont.
Ion channels in myocardial cells: (a) resting state before action potential (all channel gates ... Ion channels in myocardial cells: (a) resting state before action potential (all channel gates ...
Red Spotted Newt (Notophthalmus v. viridescens), New Hampshire state animal. Red Spotted Newt (Notophthalmus v. viridescens), New Hampshire state animal.
Video: Electrical changes in the heart

For a complete list of videos, visit our video library