Figure 11.1 Rival in consumption Yes NO Excludable Yes NO 13. Refer to Figure 11

ID: 1130527 • Letter: F

Question

Figure 11.1 Rival in consumption Yes NO Excludable Yes NO 13. Refer to Figure 11-1. The box labeled A represents a. private goods. b. club goods. C. common resources. d. public goods. 14. Refer to Figure 11-1. The box labeled B represents a. private goods. b. club goods. c. common resources d. public goods. 15. Refer to Figure 11-1. The box labeled C represents a. private goods. b. C. d. public goods. club goods. common resources. 16. Refer to Figure 11-1. The box labeled D represents a. private goods. b. club goods C. common resources. d. public goods. 17. Because public goods are a. b. c. d. excludable, people have an incentive to be free riders. excludable, people do not have an incentive to be free riders. not excludable, people have an incentive to be free riders. not excludable, people do not have an incentive to be free riders.

Explanation / Answer

Answer.)

Q13.) a.) Private goods

Q14 ) b.) Club goods

Q15.) c.) Common resources

Q16.) d.) Public goods

Q17.) c.) Not excludable , people have an incentive to be free riders.

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Figure 11.1 Rival in consumption Yes NO Excludable Yes NO 13. Refer to Figure 11

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