Use the following classification to determine which category each of the followi

Question

Use the following classification to determine which category each of the following goods falls into.

Goods Private good Club good Common resource Public good Public swimming pool s with free admission during summer Flood control Private security patrol with idle officers public basketball courts flu vaccine Rival in consumption? Yes No Private Goods Club Goods Yes Ice-cream cones Clothing Congested toll roads Fire protection Cable TV Uncongested toll roads Excludable? Common Resources Public Goods No Fish in the ocean . The environment Tornado siren .National defense Congested nontoll roadsUncongested nontoll roads

Explanation / Answer

Public swimming pool with free admission during summer - Common resource (rival but not excludable)

Flood control - Public good (non-rival and not excludable)

Private security patrol with idle officers - Club good (non-rival but excludable)

Public basketball courts - Common resource (rival but not excludable)

Flu vaccine - Private good (rival and excludable)

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