经济学原理对应练习11.docx

经济学原理对应练习11.docx

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经济学原理对应练习11

Chapter11

PublicGoodsandCommonResources

MultipleChoice

1.Formostgoodsinaneconomy,thesignalthatguidesthedecisionsofbuyersandsellersis

a.greed.

b.consumersurplus.

c.prices.

d.profits.

ANS:

CPTS:

1DIF:

1REF:

11-0

TOP:

PrivategoodsMSC:

Applicative

2.Whengoodsdonothaveaprice,whichofthefollowingprimarilyensuresthatthegoodisproduced?

a.entrepreneurs

b.thegovernment

c.charities

d.themarket

ANS:

BPTS:

1DIF:

1REF:

11-0

TOP:

PublicgoodsMSC:

Applicative

3.Whenagoodisexcludable,

a.oneperson'suseofthegooddiminishesanotherperson'sabilitytouseit.

b.peoplecanbepreventedfromusingthegood.

c.nomorethanonepersoncanusethegoodatthesametime.

d.everyonewillbeexcludedfromusingthegood.

ANS:

BPTS:

1DIF:

1REF:

11-1

TOP:

ExcludabilityMSC:

Definitional

4.Agoodisexcludableif

a.oneperson'suseofthegooddiminishesanotherperson'senjoymentofit.

b.thegovernmentcanregulateitsavailability.

c.itisnotanormalgood.

d.peoplecanbepreventedfromusingit.

ANS:

DPTS:

1DIF:

1REF:

11-1

TOP:

ExcludabilityMSC:

Definitional

5.Excludabilityisthepropertyofagoodwhereby

a.oneperson'susediminishesotherpeople'suse.

b.apersoncanbepreventedfromusingit.

c.agoodisprivate,notpublic.

d.agoodispublic,notprivate.

ANS:

BPTS:

1DIF:

1REF:

11-1

TOP:

ExcludabilityMSC:

Definitional

6.Goodsthatareexcludableincludeboth

a.naturalmonopoliesandpublicgoods.

b.publicgoodsandcommonresources.

c.commonresourcesandprivategoods.

d.privategoodsandnaturalmonopolies.

ANS:

DPTS:

1DIF:

2REF:

11-1

TOP:

ExcludabilityMSC:

Applicative

7.Goodsthatarenotexcludableincludeboth

a.privategoodsandpublicgoods.

b.naturalmonopoliesandcommonresources.

c.commonresourcesandpublicgoods.

d.privategoodsandnaturalmonopolies.

ANS:

CPTS:

1DIF:

2REF:

11-1

TOP:

ExcludabilityMSC:

Applicative

8.Bothpublicgoodsandcommonresourcesare

a.rivalinconsumption.

b.nonrivalinconsumption.

c.excludable.

d.nonexcludable.

ANS:

DPTS:

1DIF:

2REF:

11-1

TOP:

ExcludabilityMSC:

Applicative

9.Goodsthatarenotexcludableareusually

a.higherpricedthanexcludablegoods.

b.higherpricedthanrivalgoods.

c.inshortsupply.

d.freeofcharge.

ANS:

DPTS:

1DIF:

2REF:

11-1

TOP:

ExcludabilityMSC:

Interpretive

10.Whensomethingofvaluehasnopriceattachedtoit,

a.externalitieswillbepresent.

b.theproductcannotbeproducedatanyprice.

c.anaturalmonopolywilleventuallyproducetheproduct,andthegoodwillnolongerbefree.

d.privatecompanieswilleventuallyproducetheproduct,andthegoodwillnolongerbefree.

ANS:

APTS:

1DIF:

2REF:

11-1

TOP:

ExcludabilityMSC:

Interpretive

11.Aviewofaspectacularsunsetalongaprivatebeachisanexampleofa

a.privategood.

b.publicgood.

c.nonrivalbutexcludablegood.

d.rivalbutnonexcludablegood.

ANS:

CPTS:

1DIF:

2REF:

11-1

TOP:

Excludability|RivalryinconsumptionMSC:

Applicative

12.Billowns3acresofbeautifulwoodedland.Hehascreatedashortwalkingtrailthroughthewoods.Becausetheterrainishilly,theonlysafeentrancetothetrailisatthefrontofBill'sproperty.WhenBilldecidestomovetobeclosertohisgrandchildren,hedonatesthelandtothestatewiththeunderstandingthatthelandwillbeusedasastatepark.Becausethetrailisshort,onlyabout50peoplecancomfortablyenjoyit.Thisstateparkisanexampleofagoodthatis

a.bothrivalinconsumptionandexcludable.

b.neitherrivalinconsumptionnorexcludable.

c.nonrivalinconsumptionandexcludable.

d.rivalinconsumptionandnonexcludable.

ANS:

APTS:

1DIF:

3REF:

11-1

TOP:

Excludability|RivalryinconsumptionMSC:

Applicative

13.Whenagoodisrivalinconsumption,

a.oneperson'suseofthegooddiminishesanotherperson'sabilitytouseit.

b.peoplecanbepreventedfromusingthegood.

c.nomorethanonepersoncanusethegoodatthesametime.

d.everyonewillbeexcludedfromobtainingthegood.

ANS:

APTS:

1DIF:

1REF:

11-1

TOP:

RivalryinconsumptionMSC:

Definitional

14.Ifoneperson'suseofagooddiminishesanotherperson'senjoymentofit,thegoodis

a.rivalinconsumption.

b.excludable.

c.normal.

d.exhaustible.

ANS:

APTS:

1DIF:

1REF:

11-1

TOP:

RivalryinconsumptionMSC:

Definitional

15.Goodsthatarerivalinconsumptionincludeboth

a.naturalmonopoliesandpublicgoods.

b.publicgoodsandcommonresources.

c.commonresourcesandprivategoods.

d.privategoodsandnaturalmonopolies.

ANS:

CPTS:

1DIF:

2REF:

11-1

TOP:

RivalryinconsumptionMSC:

Applicative

16.Goodsthatarenotrivalinconsumptionincludeboth

a.privategoodsandcommonresources.

b.naturalmonopoliesandpublicgoods.

c.commonresourcesandpublicgoods.

d.privategoodsandnaturalmonopolies.

ANS:

BPTS:

1DIF:

2REF:

11-1

TOP:

RivalryinconsumptionMSC:

Applicative

17.Atelevisionsignalisanexampleofagoodthatis

a.private.

b.nonrivalinconsumption.

c.social.

d.nonexcludableinproduction.

ANS:

BPTS:

1DIF:

2REF:

11-1

TOP:

RivalryinconsumptionMSC:

Applicative

18.Goodsthatarerivalinconsumptionbutnotexcludablewouldbeconsidered

a.naturalmonopolies.

b.commonresources.

c.publicgoods.

d.privategoods.

ANS:

BPTS:

1DIF:

2REF:

11-1

TOP:

RivalryinconsumptionMSC:

Applicative

19.Somegoodscanbeeithercommonresourcesorpublicgoodsdependingon

a.whetherthegoodisrivalinconsumption.

b.whetherthegoodisexcludable.

c.themarginalcostofthegood.

d.Noneoftheaboveiscorrect.

ANS:

APTS:

1DIF:

2REF:

11-1

TOP:

RivalryinconsumptionMSC:

Interpretive

20.Ifaroadiscongested,thenuseofthatroadbyanadditionalpersonwouldleadtoa

a.negativeexternality.

b.positiveexternality.

c.Pigovianexternality.

d.free-riderproblemwithrushhourdriversstuckintraffic.

ANS:

APTS:

1DIF:

2REF:

11-1

TOP:

RivalryinconsumptionMSC:

Applicative

21.Whichofthefollowingwouldnotbeconsideredaprivategood?

a.tennisshoes

b.pizza

c.frenchfries

d.cableTVservice

ANS:

DPTS:

1DIF:

1REF:

11-1

TOP:

PrivategoodsMSC:

Applicative

22.Whichofthefollowingwouldbeconsideredaprivategood?

a.nationaldefense

b.apublicbeach

c.localcabletelevisionservice

d.abottleofnaturalmineralwater

ANS:

DPTS:

1DIF:

1REF:

11-1

TOP:

PrivategoodsMSC:

Applicative

23.Mostgoodsintheeconomyare

a.naturalmonopolies.

b.commonresources.

c.publicgoods.

d.privategoods.

ANS:

DPTS:

1DIF:

1REF:

11-1

TOP:

PrivategoodsMSC:

Applicative

24.Anexampleofaprivategoodwouldbe

a.cableTVservice.

b.atornadosiren.

c.clothing.

d.asunset.

ANS:

CPTS:

1DIF:

1REF:

11-1

TOP:

PrivategoodsMSC:

Applicative

25.Thevalueandcostofgoodsareeasiesttodeterminewhenthegoodsare

a.privategoods.

b.publicgoods.

c.commonresources.

d.naturalmonopolies.

ANS:

APTS:

1DIF:

1REF:

11-1

TOP:

PrivategoodsMSC:

Applicative

26.Privategoodsareboth

a.excludableandnonrivalinconsumption.

b.nonexcludableandrivalinconsumption.

c.excludableandrivalinconsumption.

d.nonexcludableandnonrivalconsumption.

ANS:

CPTS:

1DIF:

2REF:

11-1

TOP:

PrivategoodsMSC:

Applicative

27.Whichofthefollowinggoodsisrivalandexcludable?

a.anuncongestedtollroad

b.anuncongestednontollroad

c.acongestednontollroad

d.acongestedtollroad

ANS:

DPTS:

1DIF:

2REF:

11-1

TOP:

PrivategoodsMSC:

Applicative

28.Whichofthefollowinggoodsisrivalinconsumptionandexcludable?

a.asliceofpizza

b.cableTVservice

c.asunset

d.nationaldefense

ANS:

APTS:

1DIF:

2REF:

11-1

TOP:

PrivategoodsMSC:

Applicative

29.Whichofthefollowinggoodsisrivalinconsumptionandexcludable?

a.atornadosiren

b.anuncongestedtollroad

c.ahome

d.theenvironment

ANS:

CPTS:

1DIF:

2REF:

11-1

TOP:

PrivategoodsMSC:

Applicative

30.AvacationhouseinColoradois

a.notrivalinconsumptionandexcludable.

b.rivalinconsumptionandexcludable.

c.notrivalinconsumptionandnotexcludable.

d.rivalinconsumptionandnotexcludable.

ANS:

BPTS:

1DIF:

2REF:

11-1

TOP:

PrivategoodsMSC:

Applicative

31.Acheeseburgeris

a.excludableandrivalinconsumption.

b.excludableandnonrivalinconsumption.

c.nonexcludableandrivalinconsumption.

d.nonexcludableandnonrivalinconsumption.

ANS:

APTS:

1DIF:

2REF:

11-1

TOP:

PrivategoodsMSC:

Applicative

32.Alighthousethatprimarilybenefitsasingleportownerismorelikea

a.publicgood.

b.naturalmonopoly.

c.privategood.

d.commonresource.

ANS:

CPTS:

1DIF:

2REF:

11-2

TOP:

PrivategoodsMSC:

Applicative

33.SupposethatMartinownsalighthouse,andLewisownsanearbyport.Martin'slighthousebenefitsonlythoseshipsthatenterLewis'sport.Whichofthefollowingstatementsisnotcorrect?

a.Martin'slighthousemaybeconsideredaprivategood.

b.Martincanreducethefree-riderproblembychargingLewisausagefee.

c.MartincanexcludeLewis'sportfrombenefitingfromthelighthousebysimplyturningthepoweroff.

d.Martin'slighthousewouldbeconsideredacommonresource.

ANS:

DPTS:

1DIF:

3REF:

11-2

TOP:

PrivategoodsMSC:

Analytical

34.Whichofthefollowingstatementsiscorrect?

a.Privategoodsandpublicgoodsarebothexcludableandrivalinconsumption.

b.Privategoodsarerivalinconsumptionbutnotexcludable,whereaspublicgoodsareexcludablebutnotrivalinconsumption.

c.Privategoodsarebothexcludableandrivalinconsumption,whereaspublicgoodsareneitherexcludablenorrivalinconsumption.

d.Priva