经济学原理对应练习 11.docVIP

Chapter 11 Public Goods and Common Resources Multiple Choice 1. For most goods in an economy, the signal that guides the decisions of buyers and sellers is a. greed. b. consumer surplus. c. prices. d. profits. ANS: C PTS: 1 DIF: 1 REF: 11-0 TOP: Private goods MSC: Applicative 2. When goods do not have a price, which of the following primarily ensures that the good is produced? a. entrepreneurs b. the government c. charities d. the market ANS: B PTS: 1 DIF: 1 REF: 11-0 TOP: Public goods MSC: Applicative 3. When a good is excludable, a. one persons use of the good diminishes another persons ability to use it. b. people can be prevented from using the good. c. no more than one person can use the good at the same time. d. everyone will be excluded from using the good. ANS: B PTS: 1 DIF: 1 REF: 11-1 TOP: Excludability MSC: Definitional 4. A good is excludable if a. one persons use of the good diminishes another persons enjoyment of it. b. the government can regulate its availability. c. it is not a normal good. d. people can be prevented from using it. ANS: D PTS: 1 DIF: 1 REF: 11-1 TOP: Excludability MSC: Definitional 5. Excludability is the property of a good whereby a. one persons use diminishes other peoples use. b. a person can be prevented from using it. c. a good is private, not public. d. a good is public, not private. ANS: B PTS: 1 DIF: 1 REF: 11-1 TOP: Excludability MSC: Definitional 6. Goods that are excludable include both a. natural monopolies and public goods. b. public goods and common resources. c. common resources and private goods. d. private goods and natural monopolies. ANS: D PTS: 1 DIF: 2 REF: 11-1 TOP: Excludability MSC: Applicative 7. Goods that are not excludable include both a. private goods and public goods. b. natural monopolies and common resources. c. common resources and public goods. d. private goods and natural monopolies. ANS: C PTS: 1 DIF: 2 REF: 11-1 TOP: Excludability MSC: Applicative 8. Both public goods and common re