Question

a) Fill in the blanks below to help us classify four types of goods. I have helped you by filling out box 2. 1 3 Private Goods 4 5 6 7 8 b) Using the boxes you filled out above, Classify each of the following goods: Box # Box # Good Measles vaccination Good Police Protection The Nechako River Your mobile phone The Mr. PG statue Street lights in city Shoes Earth's atmosphere The Law The Internet National Parks Car

Answer 1

ANS

1 RIVAL	2 Private	3 Common Resources
4 No RIVAL	5 Club	6 Public
	7 EXCLUDABLE	8 NON- EXCLUDABLE

ANS

GOOD	BOX	GOOD	BOX
MEASELS VACCINATION	Public Good	POLICE PROTECTION	Public Good
THE NEKAHO RIVER	Common Resources	YOUR MOBILE PHONE	Private
THE Mr PG STATUE	Common Resources	STREET LIGHTS IN CITY	Public Good
SHOES	Private	EARTHS ATMOSPHERE	Public Good
THE LAW	Public Good	THE INTERNET	Club Goods
NATIONAL PARKS	Public Good	CAR	Private