Question 1
An example of a public good is
◦ an orange grove.
◦ a grocery store.
◦ a hardwood forest in a national park.
◦ a ticket to a baseball game.
Question 2
You are unable to sleep because your hotel room is right underneath the noisy air conditioning system. We would classify this situation as an
◦ internal cost.
◦ internal benefit.
◦ external cost.
◦ external benefit.