经济学原理对应练习11.docx

1、经济学原理对应练习11Chapter 11Public Goods and Common ResourcesMultiple Choice 1. For most goods in an economy, the signal that guides the decisions of buyers and sellers isa. greed.b. consumer surplus.c. prices.d. profits.ANS: C PTS: 1 DIF: 1 REF: 11-0TOP: Private goods MSC: Applicative 2. When goods do not

2、 have a price, which of the following primarily ensures that the good is produced?a. entrepreneursb. the governmentc. charitiesd. the marketANS: B PTS: 1 DIF: 1 REF: 11-0TOP: Public goods MSC: Applicative 3. When a good is excludable, a. one persons use of the good diminishes another persons ability

3、 to use it.b. people can be prevented from using the good.c. no more than one person can use the good at the same time.d. everyone will be excluded from using the good.ANS: B PTS: 1 DIF: 1 REF: 11-1TOP: Excludability MSC: Definitional 4. A good is excludable ifa. one persons use of the good diminish

4、es another persons enjoyment of it.b. the government can regulate its availability.c. it is not a normal good.d. people can be prevented from using it.ANS: D PTS: 1 DIF: 1 REF: 11-1TOP: Excludability MSC: Definitional 5. Excludability is the property of a good wherebya. one persons use diminishes ot

5、her peoples use.b. a person can be prevented from using it.c. a good is private, not public.d. a good is public, not private.ANS: B PTS: 1 DIF: 1 REF: 11-1TOP: Excludability MSC: Definitional 6. Goods that are excludable include botha. natural monopolies and public goods.b. public goods and common r

6、esources.c. common resources and private goods.d. private goods and natural monopolies.ANS: D PTS: 1 DIF: 2 REF: 11-1TOP: Excludability MSC: Applicative 7. Goods that are not excludable include botha. private goods and public goods.b. natural monopolies and common resources.c. common resources and p

7、ublic goods.d. private goods and natural monopolies.ANS: C PTS: 1 DIF: 2 REF: 11-1TOP: Excludability MSC: Applicative 8. Both public goods and common resources area. rival in consumption.b. nonrival in consumption.c. excludable.d. nonexcludable.ANS: D PTS: 1 DIF: 2 REF: 11-1TOP: Excludability MSC: A

8、pplicative 9. Goods that are not excludable are usuallya. higher priced than excludable goods.b. higher priced than rival goods.c. in short supply.d. free of charge.ANS: D PTS: 1 DIF: 2 REF: 11-1TOP: Excludability MSC: Interpretive 10. When something of value has no price attached to it,a. externali

9、ties will be present.b. the product cannot be produced at any price.c. a natural monopoly will eventually produce the product, and the good will no longer be free.d. private companies will eventually produce the product, and the good will no longer be free.ANS: A PTS: 1 DIF: 2 REF: 11-1TOP: Excludab

10、ility MSC: Interpretive 11. A view of a spectacular sunset along a private beach is an example of aa. private good.b. public good.c. nonrival but excludable good.d. rival but nonexcludable good.ANS: C PTS: 1 DIF: 2 REF: 11-1TOP: Excludability | Rivalry in consumption MSC: Applicative 12. Bill owns 3

11、 acres of beautiful wooded land. He has created a short walking trail through the woods. Because the terrain is hilly, the only safe entrance to the trail is at the front of Bills property. When Bill decides to move to be closer to his grandchildren, he donates the land to the state with the underst

12、anding that the land will be used as a state park. Because the trail is short, only about 50 people can comfortably enjoy it. This state park is an example of a good that isa. both rival in consumption and excludable.b. neither rival in consumption nor excludable.c. nonrival in consumption and exclu

13、dable.d. rival in consumption and nonexcludable.ANS: A PTS: 1 DIF: 3 REF: 11-1TOP: Excludability | Rivalry in consumption MSC: Applicative 13. When a good is rival in consumption, a. one persons use of the good diminishes another persons ability to use it.b. people can be prevented from using the go

14、od.c. no more than one person can use the good at the same time.d. everyone will be excluded from obtaining the good.ANS: A PTS: 1 DIF: 1 REF: 11-1TOP: Rivalry in consumption MSC: Definitional 14. If one persons use of a good diminishes another persons enjoyment of it, the good isa. rival in consump

15、tion.b. excludable.c. normal.d. exhaustible.ANS: A PTS: 1 DIF: 1 REF: 11-1TOP: Rivalry in consumption MSC: Definitional 15. Goods that are rival in consumption include botha. natural monopolies and public goods.b. public goods and common resources.c. common resources and private goods.d. private goo

16、ds and natural monopolies.ANS: C PTS: 1 DIF: 2 REF: 11-1TOP: Rivalry in consumption MSC: Applicative 16. Goods that are not rival in consumption include botha. private goods and common resources.b. natural monopolies and public goods.c. common resources and public goods.d. private goods and natural

17、monopolies.ANS: B PTS: 1 DIF: 2 REF: 11-1TOP: Rivalry in consumption MSC: Applicative 17. A television signal is an example of a good that is a. private.b. nonrival in consumption.c. social.d. nonexcludable in production.ANS: B PTS: 1 DIF: 2 REF: 11-1TOP: Rivalry in consumption MSC: Applicative 18.

18、Goods that are rival in consumption but not excludable would be considereda. natural monopolies.b. common resources.c. public goods.d. private goods.ANS: B PTS: 1 DIF: 2 REF: 11-1TOP: Rivalry in consumption MSC: Applicative 19. Some goods can be either common resources or public goods depending ona.

19、 whether the good is rival in consumption.b. whether the good is excludable.c. the marginal cost of the good.d. None of the above is correct.ANS: A PTS: 1 DIF: 2 REF: 11-1TOP: Rivalry in consumption MSC: Interpretive 20. If a road is congested, then use of that road by an additional person would lea

20、d to aa. negative externality.b. positive externality.c. Pigovian externality.d. free-rider problem with rush hour drivers stuck in traffic.ANS: A PTS: 1 DIF: 2 REF: 11-1TOP: Rivalry in consumption MSC: Applicative 21. Which of the following would not be considered a private good?a. tennis shoesb. p

21、izzac. french friesd. cable TV serviceANS: D PTS: 1 DIF: 1 REF: 11-1TOP: Private goods MSC: Applicative 22. Which of the following would be considered a private good?a. national defenseb. a public beachc. local cable television serviced. a bottle of natural mineral waterANS: D PTS: 1 DIF: 1 REF: 11-

22、1TOP: Private goods MSC: Applicative 23. Most goods in the economy area. natural monopolies.b. common resources.c. public goods.d. private goods.ANS: D PTS: 1 DIF: 1 REF: 11-1TOP: Private goods MSC: Applicative 24. An example of a private good would bea. cable TV service.b. a tornado siren.c. clothi

23、ng.d. a sunset.ANS: C PTS: 1 DIF: 1 REF: 11-1TOP: Private goods MSC: Applicative 25. The value and cost of goods are easiest to determine when the goods area. private goods.b. public goods.c. common resources.d. natural monopolies.ANS: A PTS: 1 DIF: 1 REF: 11-1TOP: Private goods MSC: Applicative 26.

24、 Private goods are botha. excludable and nonrival in consumption.b. nonexcludable and rival in consumption.c. excludable and rival in consumption.d. nonexcludable and nonrival consumption.ANS: C PTS: 1 DIF: 2 REF: 11-1TOP: Private goods MSC: Applicative 27. Which of the following goods is rival and

25、excludable?a. an uncongested toll roadb. an uncongested nontoll roadc. a congested nontoll roadd. a congested toll roadANS: D PTS: 1 DIF: 2 REF: 11-1TOP: Private goods MSC: Applicative 28. Which of the following goods is rival in consumption and excludable?a. a slice of pizzab. cable TV servicec. a

26、sunsetd. national defenseANS: A PTS: 1 DIF: 2 REF: 11-1TOP: Private goods MSC: Applicative 29. Which of the following goods is rival in consumption and excludable?a. a tornado sirenb. an uncongested toll roadc. a homed. the environmentANS: C PTS: 1 DIF: 2 REF: 11-1TOP: Private goods MSC: Applicative

27、 30. A vacation house in Colorado is a. not rival in consumption and excludable.b. rival in consumption and excludable.c. not rival in consumption and not excludable.d. rival in consumption and not excludable.ANS: B PTS: 1 DIF: 2 REF: 11-1TOP: Private goods MSC: Applicative 31. A cheeseburger isa. e

28、xcludable and rival in consumption.b. excludable and nonrival in consumption.c. nonexcludable and rival in consumption.d. nonexcludable and nonrival in consumption.ANS: A PTS: 1 DIF: 2 REF: 11-1TOP: Private goods MSC: Applicative 32. A lighthouse that primarily benefits a single port owner is more l

29、ike aa. public good.b. natural monopoly.c. private good.d. common resource.ANS: C PTS: 1 DIF: 2 REF: 11-2TOP: Private goods MSC: Applicative 33. Suppose that Martin owns a lighthouse, and Lewis owns a nearby port. Martins lighthouse benefits only those ships that enter Lewiss port. Which of the foll

30、owing statements is not correct?a. Martins lighthouse may be considered a private good.b. Martin can reduce the free-rider problem by charging Lewis a usage fee.c. Martin can exclude Lewiss port from benefiting from the lighthouse by simply turning the power off.d. Martins lighthouse would be consid

31、ered a common resource.ANS: D PTS: 1 DIF: 3 REF: 11-2TOP: Private goods MSC: Analytical 34. Which of the following statements is correct?a. Private goods and public goods are both excludable and rival in consumption.b. Private goods are rival in consumption but not excludable, whereas public goods are excludable but not rival in consumption.c. Private goods are both excludable and rival in consumption, whereas public goods are neither excludable nor rival in consumption.d. Priva