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EC2106F08PS11 - Name Class Date ID A Practice Problems for...

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Name: ________________________ Class: ___________________ Date: __________ ID: A 1 Practice Problems for Ch 11 True/False Indicate whether the statement is true or false. ____ 1. When goods are available free of charge, the market forces that normally allocate resources in our economy are absent. ____ 2. A good that is rival in consumption is one that someone can be prevented from using if she did not pay for it. ____ 3. Even economists who advocate small government agree that national defense is a good that the government should provide. Multiple Choice Identify the choice that best completes the statement or answers the question. ____ 4. Most goods in the economy are a. natural monopolies. b. common resources. c. public goods. d. private goods. ____ 5. At the local park there is a playground that anyone may use. There is rarely anyone using the playground, so children who use the playground receive full enjoyment from its use. The playground is ____
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