Which of the following is not a public good?
a. national defense
b. patented technological knowledge
c. general knowledge
d. the elimination of poverty
ANSWER :-
(b)patented technological knowledge.
Public good is defined as the commodity or service that is provided without profit to all member of the society either by the government or by private individual following were the list of public goods are as under:-
69. Which of the following is the best example of a public good? a. Music downloads b. Designer clothes c. Natural forests d. National defense 70. A street light is a ________. a. common pool resource good b. club good c. private good d. public good 71. A congested street is ________ in consumption. a. non-excludable but rival b. non-excludable and non-rival c. excludable but non-rival d. excludable and rival 72. The free-rider problem exists for goods that are ________....
Which of the following is a disadvantage of government provision of a public good such as national defense? (i)The government does not know the exact willingness of consumers to pay for the public good. (ii)The free-rider problem is more likely to occur when the government provides a public good than when the private sector provides a public good. (iii)Taxpayers do not agree on the optimal quantity of the public good that the government should provide.
QUESTION 28 Which of the following is not a pure public good. uncongested highway OB. National defense O C public school OD.Clean atmosphere QUESTION 29 A firm will spend money on a particular investment project when. 0 A, the anticipated rate of return on investment is less than the interest rate. OB. the expected rate returns on investment is greater than the interest rate C the interest rate is greater than the return. D the investment project is good for...
Which of the following is true about general knowledge?___________ A. It is considered a common resource. B. It is considered a public good. C. It is considered a club good. D. It is considered a private good. As a result, private firms (WOULD OR WOULD NOT ) undertake the efficient amount of basic scientific research. Which of the following policies has the United States adopted in response to this problem? Check all that apply. _______Subsidizing research through the National Institutes...
Which of the following is a private good, a public good, or a quasi-public good in Canada today? a. Policing b. Hydro electrical industry c. Radio d. Light house
Which of the following statements is (are) correct? Select one: A. National defense is provided by the government because free-riders make it difficult for private markets to supply the socially optimal quantity. B. National defense is an example of a public good because it is nonrivalrous and it is difficult to exclude people from receiving the benefits from national defense once it is provided. C. National defense is a typical example of a public good because if individuals were required...
National defense is a good viewed to have significant positive externalities. Which of the following is false concerning goods with positive externalities? The quantity of national defense produced naturally in a free market would be less than the efficient quantity The government can increase efficiency by subsidizing or producing national defense themselves The private benefits of producing national defense are greater than the social benefits
which of the following pairs of goods includes a good that is excludable and rival in consumption as well as a good that is not excludable and not rival in consumption? "tablet computer, gym membership at a gym that always has plenty of open equipment and classes". "tablet computer, national defense". "congested nontoll road, national defense". "online music subscription, streetlight".
A good example of a public good is: A. lollipop B. program for central park C. booked used to increase knowledge of econ D. grocery store
oase Theorem suggests one way in which the problem of externalities can be solved. However, the theorem has its practical limitations. From the scenarios given below, which is the best candidate for Coase-like solution? Paul is annoyed by the loud music played by his neighbor. Manufacturing plants in the Midwest emit sulfur dioxide which causes acid rain in Canada. Carbon emissions from coal power plants in China contribute to climate change of the planet. All of the above are equally...