Public Goods and Common Resources

Public Goods and Common Resources

12th Grade

10 Qs

quiz-placeholder

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Public Goods and Common Resources

Public Goods and Common Resources

Assessment

Interactive Video

Social Studies

12th Grade

Easy

Created by

Michael Sheehan

Used 5+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two main characteristics used to classify goods in economics?

Price and Quality

Supply and Demand

Excludability and Rivalry

Durability and Utility

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of goods are both excludable and rival?

Public Goods

Private Goods

Common Resources

Club Goods

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of a private good?

National Defense

A personal laptop

A local park

Broadcast television

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which goods are non-excludable and non-rival?

Common Resources

Public Goods

Private Goods

Club Goods

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of a public good?

A toll bridge

Wi-Fi service

Firefighting services

A private swimming pool

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which goods are non-excludable but rival?

Public Goods

Common Resources

Private Goods

Club Goods

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What problem is often associated with common resources?

Under-consumption

Market saturation

Excessive durability

Over-consumption

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