Lecture+22+quiz

Lecture+22+quiz - C Non-preventable D Non-excludable E...

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Question 1: For a pure public good, one unit of the good can be consumed by more than on one person at a time. What do we call this property? A. Non-personal. B. Non-rivalrous. C. Non-preventable. D. Non-excludable. E. Shared. Quiz: Question 2: For a pure public good, it is not possible to prevent individuals from consuming (or enjoying) the good. What do we call this property? A. Non-personal. B. Non-rivalrous.
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Unformatted text preview: C. Non-preventable. D. Non-excludable. E. Shared. Quiz: Question 3: Economists have tried to come up with ways to incentivize people to tell the truth about their willingness to pay (preferences) for public goods. What do we call this field of economics? A. Mechanism design. B. Incentive design. C. Revelation-incentive design. D. Procedural revelation. E. Provisional processing. Quiz:...
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This note was uploaded on 02/07/2011 for the course ECON 100A taught by Professor Woroch during the Fall '08 term at Berkeley.

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Lecture+22+quiz - C Non-preventable D Non-excludable E...

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