Chapter 11 Review Questions

Chapter 11 Review Questions

12th Grade

25 Qs

quiz-placeholder

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Chapter 11 Review Questions

Chapter 11 Review Questions

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Hard

Created by

Michael Sheehan

Used 4+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one of the following goods is excludable?

a city bus

a bridge that does not charge a toll

protection from the police force

the atmosphere

all of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one of the following goods is nonexcludable?

the atmosphere

a taxi

an art museum

a toll bridge

all of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A common resource is

rival and nonexcludable.

nonrival and excludable.

nonrival and nonexcludable.

regulated and excludable.

rival and excludable.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A common resource is

excludable and either rival or nonrival.

rival and nonexcludable.

nonexcludable and either rival or nonrival.

rival and either excludable or nonexcludable.

rival and excludable.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cable television and air-traffic control are similar to each other because both of them are

nonexcludable.

nonrival.

excludable.

rival.

private services.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a good is a public good,

Any anyone can be excluded from enjoying its benefits.

consumers pay a low price.

no one can be excluded from enjoying its benefits.

economies of scale exist over the entire range of output for which there is a demand.

consumers must pay a high price to enjoy its benefits.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a city street is congested, it is

a public good.

a private good.

nonrival and excludable.

nonrival and nonexcludable.

a common resource.

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