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1、Economics, 11e, Global Edition (Parkin) Chapter 16 Public Choices and Public Goods1 Public Choices1) A public choice isA) a decision that affects one person.B) a decision that affects no one.C) a decision made in public.D) a decision that affects an entire society.Answer: DTopic: Public Choice Theor
2、ySkill: DefinitionStatus: OldAACSB: Analytical Skills2) When government action leads to inefficiency, it is known as A) government failure.B) government as usual.C) lack of government trust.D) politics.Answer: ATopic: Public Choice TheorySkill: DefinitionStatus: OldAACSB: Analytical Skills3) Governm
3、ent failure, when government actions lead to inefficiency, can result in eitherA) overprovision.B) underprovision.C) both A and BD) neither A nor BAnswer: CTopic: Public Choice TheorySkill: DefinitionStatus: OldAACSB: Analytical Skills4) The political market place requires all EXCEPTA) diplomats.B)
4、firms.C) voters.D) politicians.Answer: ATopic: Public Choice TheorySkill: DefinitionStatus: OldAACSB: Analytical Skills5) Governments exist toA) maintain property rights.B) provide non-market mechanisms for allocating scarce resources.C) implement arrangements that redistribute wealth and income.D)
5、all of the aboveAnswer: DTopic: Public Choice TheorySkill: DefinitionStatus: OldAACSB: Analytical Skills6) In the political marketplace, voters do all of the following EXCEPTA) benefit from public goods and services.B) pay some taxes.C) vote.D) evaluate policy proposals of bureaucrats.Answer: DTopic
6、: Public Choice TheorySkill: DefinitionStatus: OldAACSB: Analytical Skills7) In the political marketplace, firms do all of the following EXCEPTA) vote.B) pay taxes.C) evaluate policy proposals of politicians.D) benefit from public goods and services.Answer: ATopic: Public Choice TheorySkill: Definit
7、ionStatus: OldAACSB: Analytical Skills8) A political equilibrium can never be reached without voters, firms, politicians and _.A) bureaucratsB) public costsC) indifference curvesD) market pricesAnswer: ATopic: Public Choice TheorySkill: ConceptualStatus: OldAACSB: Analytical Skills9) After Hurricane
8、 Sandy, FEMA (the Federal Emergency Management Agency) advertised in a New Jersey radio station how people affected by the hurricane could file for assistance. In the political marketplace, the decision makers in FEMA are best characterized asA) voters.B) firms.C) politicians.D) bureaucrats.Answer:
9、DTopic: Public Choice TheorySkill: ConceptualStatus: NewAACSB: Analytical Skills10) A good or service or a resource is nonexcludable ifA) it is possible to prevent someone from enjoying its benefits.B) it is not possible to prevent someone from benefiting from it.C) its use by one person decreases t
10、he quantity available for someone else.D) its use by one person does not decrease the quantity available for someone else.Answer: BTopic: NonexcludableSkill: DefinitionStatus: OldAACSB: Analytical Skills11) If it is impossible to prevent someone from benefiting from a good regardless of whether or n
11、ot the person paid for it, then the good isA) nonrival.B) rival.C) nonexcludable.D) excludable.Answer: CTopic: NonexcludableSkill: DefinitionStatus: OldAACSB: Analytical Skills12) If it is impossible or very costly to prevent someone from benefiting from a good even if the person does not pay for it
12、, the good isA) nonrival.B) nonexcludable.C) pure.D) rival.Answer: BTopic: NonexcludableSkill: DefinitionStatus: OldAACSB: Analytical Skills13) Education at a private university is NOT a public good because it isA) nonrival.B) excludable.C) both nonrival and nonexcludable.D) None of the above answer
13、s is correct.Answer: BTopic: NonexcludableSkill: ConceptualStatus: OldAACSB: Analytical Skills14) If it possible to prevent a person from enjoying the benefits of a good unless the person pays for the good, the good isA) rival.B) excludable.C) pure.D) free.Answer: BTopic: ExcludableSkill: Definition
14、Status: OldAACSB: Analytical Skills15) A good or service or a resource is excludable ifA) it is possible to prevent someone from enjoying its benefits.B) it is not possible to prevent someone from enjoying its benefits.C) its use by one person decreases the quantity available for someone else.D) its
15、 use by one person does not decrease the quantity available for someone else.Answer: ATopic: ExcludableSkill: DefinitionStatus: OldAACSB: Analytical Skills16) A good or service or a resource is nonrival ifA) it is possible to prevent someone from enjoying its benefits.B) it is not possible to preven
16、t someone from enjoying its benefits.C) its use by one person decreases the quantity available for someone else.D) its use by one person does not decrease the quantity available for someone else.Answer: DTopic: NonrivalSkill: DefinitionStatus: OldAACSB: Analytical Skills17) For a good to be nonrival
17、, thenA) one persons consumption of that good does not decrease another persons consumption of that good.B) a person cannot be prevented from consuming that good even if he or she did not pay for it.C) a person is willing to pay any price to ensure that the product is available.D) a person is not wi
18、lling to pay for the good because even without paying for it, the person can consume the good anyway.Answer: ATopic: NonrivalSkill: DefinitionStatus: OldAACSB: Analytical Skills18) If the consumption of a good or service by one person does not decrease the quantity available for another person, the
19、good or service isA) nonrival.B) nonexcludable.C) pure.D) free.Answer: ATopic: NonrivalSkill: DefinitionStatus: OldAACSB: Analytical Skills19) If the consumption of Good A by one person does not decrease the quantity of Good A available for another persons consumption, then the good is said to be A)
20、 nonrival.B) rival.C) nonexcludable.D) excludable.Answer: ATopic: NonrivalSkill: DefinitionStatus: OldAACSB: Analytical Skills20) If I increase my consumption of a good and this has no impact the quantity you can consume of the same good, then this good isA) nonrival.B) nonexclusive.C) both nonrival
21、 and nonexclusive.D) a free good.Answer: ATopic: NonrivalSkill: DefinitionStatus: OldAACSB: Analytical Skills21) Which of the following is the BEST example of a good that is nonrival and excludable?A) a can of Mountain DewB) fish in the oceanC) cable televisionD) national defenseAnswer: CTopic: Nonr
22、ivalSkill: ConceptualStatus: OldAACSB: Analytical Skills22) A movie shown on a pay-per-view cable station is an example of A) an excludable and rival good.B) a nonexcludable and rival good.C) an excludable and nonrival good.D) a nonexcludable and nonrival good. Answer: CTopic: NonrivalSkill: Analyti
23、calStatus: OldAACSB: Analytical Skills23) If the consumption of a good decreases the quantity available for another person, the good isA) rival.B) excludable.C) pure.D) free.Answer: ATopic: RivalSkill: DefinitionStatus: OldAACSB: Analytical Skills24) A good or service or a resource is rival ifA) it
24、is possible to prevent someone from enjoying its benefits.B) it is not possible to prevent someone from enjoying its benefits.C) its use by one person decreases the quantity available for someone else.D) its use by one person does not decrease the quantity available for someone else.Answer: CTopic:
25、RivalSkill: DefinitionStatus: OldAACSB: Analytical Skills25) Food is an example of a _ good.A) nonrival and nonexcludableB) rival and excludableC) nonrival and excludableD) rival and nonexcludableAnswer: BTopic: Rival and ExcludableSkill: ConceptualStatus: OldAACSB: Analytical Skills26) Private good
26、s are those for which consumption isA) rival and excludable.B) rival and nonexcludable.C) nonrival and excludable.D) nonrival and nonexcludable.Answer: ATopic: Private GoodsSkill: DefinitionStatus: OldAACSB: Analytical Skills27) A private good is _ and _.A) rival; excludableB) nonrival; excludableC)
27、 rival; nonexcludableD) nonrival; nonexcludableAnswer: ATopic: Private GoodsSkill: DefinitionStatus: OldAACSB: Analytical Skills28) When consumption is rival and excludable, the product is aA) public good.B) private good.C) mixed good.D) service, not a good.Answer: BTopic: Private GoodsSkill: Defini
28、tionStatus: OldAACSB: Analytical Skills29) Which of the following is the BEST example of a private good?A) a can of Mountain DewB) fish in the oceanC) cable televisionD) national defenseAnswer: ATopic: Private GoodsSkill: ConceptualStatus: OldAACSB: Analytical Skills30) Which of the following is the
29、 BEST example of a private good?A) a houseB) a bridge during rush hourC) air traffic controlD) fish in the oceanAnswer: ATopic: Private GoodsSkill: ConceptualStatus: OldAACSB: Analytical Skills31) Public goods are those for whichA) individuals who do not pay can be excluded from consuming the good.B
30、) individuals who do not pay cannot be excluded from consuming the good.C) external costs exist.D) no external costs exist.Answer: BTopic: Public GoodsSkill: DefinitionStatus: OldAACSB: Analytical Skills32) When consumption of a good is nonrival and nonexcludable, the good is aA) public good.B) priv
31、ate good.C) mixed good.D) service.Answer: ATopic: Public GoodsSkill: DefinitionStatus: OldAACSB: Analytical Skills33) Goods that are nonrival and nonexcludable are calledA) external goods.B) public goods.C) private goods.D) free goods.Answer: BTopic: Public GoodsSkill: DefinitionStatus: OldAACSB: An
32、alytical Skills34) Which of the following is a necessary characteristic of a public good? The good isA) excludable.B) nonrival.C) nonexcludable.D) Both answers B and C are correct.Answer: DTopic: Public GoodsSkill: DefinitionStatus: OldAACSB: Analytical Skills35) Nonrivalry is a feature ofA) goods b
33、ut not services.B) all nonexcludable goods.C) excludable goods.D) public goods.Answer: DTopic: Public GoodsSkill: DefinitionStatus: OldAACSB: Analytical Skills36) Nonexcludability is a feature ofA) goods but not services.B) all nonrival goods.C) goods with an external cost.D) public goods.Answer: DT
34、opic: Public GoodsSkill: DefinitionStatus: OldAACSB: Analytical Skills37) A public good is _ and _.A) rival; excludableB) nonrival; excludableC) rival; nonexcludableD) nonrival; nonexcludableAnswer: DTopic: Public GoodsSkill: DefinitionStatus: OldAACSB: Analytical Skills38) Public goods areI.nonexcl
35、udable.II.nonrival.A) I onlyB) II onlyC) both I and IID) neither I nor IIAnswer: CTopic: Public GoodsSkill: DefinitionStatus: OldAACSB: Analytical Skills39) What are the two features of a public good?A) nonrival and excludableB) nonrival and nonexcludableC) rival and excludableD) rival and nonexclud
36、ableAnswer: BTopic: Public GoodsSkill: DefinitionStatus: OldAACSB: Analytical Skills40) A good which is nonrival and nonexcludable isA) a public good.B) a private good.C) a social good.D) an externality.Answer: ATopic: Public GoodsSkill: DefinitionStatus: OldAACSB: Analytical Skills41) Which of the
37、following is the BEST example of a public good?A) a can of Mountain DewB) fish in the oceanC) cable televisionD) national defenseAnswer: DTopic: Public GoodsSkill: ConceptualStatus: OldAACSB: Analytical Skills42) Which of the following is the BEST example a public good?A) a parking spaceB) a carC) a
38、 stop signD) a toll roadAnswer: CTopic: Public GoodsSkill: ConceptualStatus: OldAACSB: Analytical Skills43) Which of the following is the BEST example of a public good?A) public transportation by busB) clean airC) community swimming pools for which the user must pay a feeD) postal servicesAnswer: BT
39、opic: Public GoodsSkill: ConceptualStatus: OldAACSB: Analytical Skills44) Which of the following is the BEST example of a public good?A) a houseB) the InternetC) Fourth of July fireworksD) fish in the oceanAnswer: CTopic: Public GoodsSkill: ConceptualStatus: OldAACSB: Analytical Skills45) An example
40、 of a public good isA) national defense services.B) a Ford truck.C) a loaf of bread.D) a home computer.Answer: ATopic: Public GoodsSkill: ConceptualStatus: OldAACSB: Analytical Skills46) National defense is an example of a _.A) public goodB) natural monopoly goodC) common resourceD) private goodAnsw
41、er: ATopic: Public GoodsSkill: ConceptualStatus: OldAACSB: Analytical Skills47) Long Beach Island, off the coast of New Jersey, is considering building a sand barrier to protect the houses on the island from future hurricanes. For residents of Long Beach Island, this barrier system would be a A) pri
42、vate good.B) natural monopoly.C) common resource.D) public good.Answer: DTopic: Public GoodsSkill: ConceptualStatus: NewAACSB: Analytical Skills48) A museum is NOT a public good ifA) there can be no congestion.B) the museum receives donations from members of the public.C) an entry fee is charged and
43、 people are denied entry if they do not pay.D) the general public typically does not go to the museum.Answer: CTopic: Public GoodsSkill: ConceptualStatus: OldAACSB: Analytical Skills49) An uncrowded toll road is _ because it is _.A) a public good; both nonrival and nonexcludableB) not a public good;
44、 nonrival but excludableC) not a public good; nonexcludable but rivalD) not a public good; both rival and excludableAnswer: BTopic: Public GoodsSkill: AnalyticalStatus: OldAACSB: Analytical Skills50) A common resource is _ and _.A) rival; excludableB) nonrival; excludableC) rival; nonexcludableD) no
45、nrival; nonexcludableAnswer: CTopic: Common ResourceSkill: DefinitionStatus: OldAACSB: Analytical Skills51) Which of the following is likely to be nonexcludable but rival?A) walking along a crowded hiking trailB) watching cable TVC) viewing flowers along the highwayD) listening to a local radio stat
46、ionAnswer: ATopic: Common ResourceSkill: ConceptualStatus: OldAACSB: Analytical Skills52) A school of tuna swimming in the ocean isA) nonexcludable and rival.B) excludable and rival.C) nonexcludable and nonrival.D) excludable and nonrival.Answer: ATopic: Common ResourceSkill: ConceptualStatus: OldAA
47、CSB: Analytical Skills53) Which of the following is the BEST example of a common resource?A) a houseB) the InternetC) air traffic controlD) fish in the oceanAnswer: DTopic: Common ResourceSkill: ConceptualStatus: OldAACSB: Analytical Skills54) Which of the following is the BEST example of a common r
48、esource?A) a can of Mountain DewB) fish in the oceanC) cable televisionD) national defenseAnswer: BTopic: Common ResourceSkill: ConceptualStatus: OldAACSB: Analytical Skills55) Natural monopolies are _ and _.A) rival; excludableB) nonrival; excludableC) rival; nonexcludableD) nonrival; nonexcludable
49、Answer: BTopic: Natural MonopolySkill: DefinitionStatus: OldAACSB: Analytical Skills56) An example of a natural monopoly isA) a house.B) the Internet.C) air traffic control.D) fish in the ocean.Answer: BTopic: Natural MonopolySkill: ConceptualStatus: OldAACSB: Analytical Skills57) An externality can
50、 be aA) cost or a benefit.B) benefit but not a cost.C) cost but not a benefit.D) marginal cost but not a total cost.Answer: ATopic: Externalities, DefinitionSkill: DefinitionStatus: OldAACSB: Analytical Skills58) An externality occurs whenA) the costs of producing a good are paid entirely by the pro
51、ducer.B) some of the costs of producing a good are paid by someone other than the producer.C) the marginal social cost of an activity increases as that activity is increased.D) Both answers A and C are correct.Answer: BTopic: Externalities, DefinitionSkill: DefinitionStatus: OldAACSB: Analytical Ski
52、lls59) The external benefit of a goodA) equals its consumer surplus.B) equals its producer surplus.C) equals its total surplus.D) is a benefit from the good falling on people who are not the consumers of the good.Answer: DTopic: Externalities, DefinitionSkill: DefinitionStatus: OldAACSB: Analytical
53、Skills60) A cost that arises from the production of a good that is paid by someone who did not participate in the production is calledA) a free rider.B) an externality.C) rent seeking.D) a public failure.Answer: BTopic: Externalities, DefinitionSkill: DefinitionStatus: OldAACSB: Analytical Skills61)
54、 Which of the following does NOT contain an externality?A) I sell you an ice cream and you drip it all over the person sitting next to you.B) I sell you an ice cream and it gives you a headache.C) I sell you an ice cream and you share it with your friend.D) I give you an ice cream and you share it w
55、ith a friend.Answer: BTopic: Externalities, DefinitionSkill: ConceptualStatus: OldAACSB: Analytical Skills62) An example of an activity that generates an external cost isA) dumping soapsuds into a trout stream.B) national defense services.C) planting flowers along an interstate highway.D) eating an
56、apple.Answer: ATopic: External CostsSkill: ConceptualStatus: OldAACSB: Analytical Skills63) An example of an externality occurs when a chemical factory A) is producing ethanol and dumps waste in a river upstream from a popular fishing spot.B) produces fertilizers that do not help plants grow.C) prod
57、uces fertilizers that kill plants rather than feed them.D) overworks its employees.Answer: ATopic: External CostsSkill: ConceptualStatus: OldAACSB: Analytical Skills64) When people decorate the exteriors of their homes with colored lights, they create _ for the motorists who pass by.A) an external b
58、enefitB) a competitive goodC) a public goodD) an excludable goodAnswer: ATopic: External BenefitsSkill: ConceptualStatus: OldAACSB: Analytical Skills65) Which of the following episodes would most likely contain an externality?A) You cannot afford to buy groceries.B) You decide to grow your own veget
59、ables in your backyard where no one else can see them.C) You decide to grow flowers in your front yard where everyone else can see them.D) You eat all the vegetables you grow yourself.Answer: CTopic: External BenefitsSkill: ConceptualStatus: OldAACSB: Analytical Skills66) In which of the following m
60、arkets are external benefits most likely to exist?A) in the market for gasolineB) in the market for ball pensC) in the market for flu shotsD) in the market for cigarettesAnswer: CTopic: External BenefitsSkill: ConceptualStatus: OldAACSB: Analytical Skills67) Which of the following illustrates the co
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