Public Policy/Public Goods

What is your First and Last Name?

non-excludable and nonrival; may not necessarily be a physical good that you can hold in your hands is referring to ____________.

• Market Failure

• Public Good

• Private Good

• None of the Above

Example: newly purchased car Explanation: excludable - if you did not pay for it, the dealer would not give it to you rival - one person driving car keeps another person from driving it. This is an example of a _____________.

• Public Good

• Private Good

• Free Rider

• Market Failure

National Security is an example of what type of Good?

• Private Good

• Free Rider Problem

• Excludable Good

• Public Good

What phase of Public Policy are you in when you are getting other people to agree with your idea?

• Agenda Setting

• Policy Adoption

• Policy Implementation

• None of the Above

What phase are you in when you are surveying the community to see if the Public Policy has or has not solved the problem?

• Policy Assessment

• Agenda Setting

• Policy Adoption

• Policy Formulation

When one person’s consumption does not hinder anyone else’s consumption of the good is the definition of what?

• Public Good

• Public Policy

• Nonrival

• Rival

Since public goods are free, most consumers become _______________ because they have no incentive to pay the supplier.

• Policy Adopters

• Free Riders

• Non-excludable

• Private Good

You are in the 2nd Phase of Public Policy and are coming up with solutions to your problem. This Phase is call what?

• Policy Starting

• Policy Formulation

• Policy Adoption

• Agenda Setting

Each is a phase of creating a Public Policy except:

• Agenda Setting

• Policy Formulation

• Policy Adoption

• Policy Implementation

• Policy Payments