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Chapter 19 - Summative Quiz - 1. Characterize each of the...

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1.Characterize each of the following items as excludable or nonexcludable.I. applesII. open-heart surgerya.Both I and II are excludable.b.I is excludable, II is nonexcludable.c.I is nonexcludable, II is excludable.d.Both I and II are nonexcludable.
2.Characterize each of the following items as excludable or nonexcludable.I. Central Park, New YorkII. cable television
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3.Characterize each of the following items as excludable or nonexcludable.I. farm-raised salmonII. Yosemite National Park
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4.Characterize each of the following items as excludable or nonexcludable.I. the Chinese languageII. the idea of calculus
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5.Characterize each of the following items rival or nonrival.I. applesII. open-heart surgerya.Both I and II are rival.b.I is rival, II is nonrival.c.I is nonrival, II is rival.d.Both I and II are nonrival.
6.Characterize each of the following items as rival or nonrival.I. Central Park, New York, when it's nearly emptyII. cable television
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7.Characterize each of the following items as rival or nonrival.I. farm-raised salmonII. Yosemite National Park
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8.Characterize each of the following items as rival or nonrival.I. the Chinese languageII. the idea of calculus
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9.Apples are best characterized as a:a.private good.b.club good.c.common resource.d.public good.
10.Open-heart surgery is best characterized as a:
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11.Central Park, New York, when it is nearly empty is best characterized as a:
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