Set 3

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The flashcards below were created by user dwrght16 on FreezingBlue Flashcards.


  1. In terms of efficiency, the fireworks display ___ be offered
    should
  2. _________ will provide the display on his or her own.
    no one citizen
  3. _______ will vote in favor of the display.
    one person
  4. Taxing​ Dwight's hog production is an example of
    pigouvian taxtion
  5. As a result of the​ tax, supply ____ price ____and the negative externality _____
    decrease, increase , decrease
  6. Health insurance is a
    private good
  7. Radio spectrum is a
    common pool resource
  8. A video on YouTube is a and A mosquito control program in a city are
    public goods
  9. A​ library's collection of​ e-books is a
    club good
  10. The early warning sirens are an example of a ____ and Ms. Nancy represents a  __
    public good, free rider
  11. public goods are __ in rivalry and ____excludability.
    low, high
  12. What approach would be the least effective way to deal with free​ riders?
    Exclude citizens from benefiting from the good or service.

Card Set Information

Author:
dwrght16
ID:
330205
Filename:
Set 3
Updated:
2017-04-08 01:32:15
Tags:
econ
Folders:

Description:
exam 3
Show Answers:

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