USU-Intro To MacroEcon - Assignment 11

Costs are imposed on individuals not directly

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Unformatted text preview: . costs are imposed on individuals not directly involved in the transaction 2. the principle of mutual exclusivity holds strongly 3. one individual's consumption of a good prohibits others from consuming that good 4. the principle of mutual exclusivity does not apply 5. None of these Question 14 (1 point) Which of the following is a public good? 1. 2. 3. 4. 5. The protection offered by a nation's air force Public safety A national park The light from a lighthouse All of these Question 15 (1 point) S uppose that you must complete a class group project, and your group consists of five people. Each member of your group receives the same grade. If four of you do all of the work and the fifth member contributes nothing, but receives the same grade, this is an example of 1. negative externalities 2. the free-rider problem 3. c...
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