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- Subject
- Public Goodseconomics-mcqs › public-goods
- Published
- 1 Jun 2019
- Last updated
- 28 May 2026
Explanation
A good is considered excludable if it is possible to stop people from using it. Common resources are goods that are rivalrous but not excludable. Public goods are neither rivalrous nor excludable. Rival goods are those where one person's use diminishes availability to others.
More Public Goods MCQs
Practice related questions from the same subject.
- 1.Which of the following best illustrates a common resource?
- 2.Which type of good is impacted by a negative externality in a way that reduces market efficiency?
- 3.Which type of good does a positive externality influence market efficiency similarly to?
- 4.Who is described as a free rider in economic terms?
- 5.Why do private markets struggle to supply public goods effectively?
- 6.How would you classify a product supplied by a natural monopoly in terms of rivalry and excludability?
- 7.Which of the following best describes a public good?
- 8.What do you call someone in the UK who frequently watches BBC TV but does not pay the required TV licence fee?
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