« previous next »

Author Question: State whether each of the following goods and services is nonrival, nonexcludable or both: a. A ... (Read 99 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?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

The structural formulas show the state of ionization that would predominate at pH 7.0 The structural formulas show the state of ionization that would predominate at pH 7.0
Pre–steady state kinetic evidence for an acyl-enzyme intermediate Pre–steady state kinetic evidence for an acyl-enzyme intermediate
Comparison of reactions at equilibrium and steady state Comparison of reactions at equilibrium and steady state
The Scopes Trial: William Jennings Bryan (right) represented the state of Tennessee, and Clarence Da The Scopes Trial: William Jennings Bryan (right) represented the state of Tennessee, and Clarence Da
Every state has a two-letter abbreviation. Every state has a two-letter abbreviation.
Plasma protein binding and drug availability. (a) Drug exists in a free state or bound to plasma ... Plasma protein binding and drug availability. (a) Drug exists in a free state or bound to plasma ...
Video: Ciliate conjugation Animation

For a complete list of videos, visit our video library