« previous next »

Author Question: State whether each of the following goods and services is nonrival, nonexcludable or both: a. A ... (Read 106 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?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Steady-state kinetic analysis of bisubstrate reactions Steady-state kinetic analysis of bisubstrate reactions
Preventive and Primary Care Services Preventive and Primary Care Services
HCPCs Modifiers Used for Medical Office Services HCPCs Modifiers Used for Medical Office Services
Steady State in the Two-Country Model Steady State in the Two-Country Model
Effect of an Increase in R&D in the Follower Country on the Steady State Effect of an Increase in R&D in the Follower Country on the Steady State
State the amplitude, period, equation of the axis, and maximum and minimum value State the amplitude, period, equation of the axis, and maximum and minimum value
Video: Chronology of leptin research (A history of leptin research)

For a complete list of videos, visit our video library