Question 1\tWhich of the following is a good example of a congestible public good?\tQuestion 2\tA baseball field is:\tQuestion 3\tA means of creating a price-excludable public good is:\tQuestion 4\tAn example of an undesirable public good (or public “bad”\ufffd) is:\tQuestion 6\tThe marginal cost of making a given quantity of a congestible public good available to more con\u00acsumers is:\tQuestion 7\tPublic transportation is:\tQuestion 8\tThe efficient output of a pure public good is achieved at the point at which:\tQuestion 9\tThe demand curve for a pure public good is:\tQuestion 10\tThe nonrival property of pure public goods implies that the:\tQuestion 11\tThe principle of nonexclusion for pure public goods means that the benefits of the good:\tQuestion 12\tThe free-rider problem:\tQuestion 13\tCable TV programming is an example of a:\tQuestion 14\tThe marginal cost of providing a certain quantity of a pure public good to an additional consumer after it is provided to any one consumer is:\tQuestion 15\tThe monthly rental rate for a satellite dish antenna is $200. The maximum marginal benefit that any resident of a condominium community will obtain per month from the antenna is $50. There are 100 residents in the community, none of whom values the antenna at less than $25 per month. Assuming that the antenna is a pure public good for residents of the community,\tQuestion 16\tIf a person has multiple-peaked preferences for a pure public good,\tQuestion 17\tA community currently hires 10 security guards per week to patrol their neighborhood. Each secu\u00acrity guard costs $300 per week. Assuming that the tax-sharing arrangement agreed to results in each of 300 voters paying the same tax share, each voter pays a weekly tax bill of:\tQuestion 18\tIf all voters have single-peaked preferences for a pure public good, then the political equilibrium under majority rule:\tQuestion 19\tA voter’s most-preferred political outcome will be that for which the:\tQuestion 20\tA proposal to build new roads in a small town is up for a vote. Voter B estimates that his marginal benefit of roads at the proposed new level would be $80 per year. This voter will vote against the proposal:\tQuestion 21\tA small community currently taxes residents to provide monthly community concerts. Voter A currently pays a tax per concert equal to $50 per month. This voter receives a marginal benefit of $75 at the current political equilibrium number of concerts per month. Voter A:\tQuestion 22\tImplicit logrolling results when:\tQuestion 23\tArrow’s impossibility theorem states:\tQuestion 24\tWhich of the following collective choice rules is likely to incur the highest political transactions costs?\tQuestion 25\tIf the marginal social benefit of one more unit of a good is 10 and the marginal social cost of one more unit of a good is 11, then:\tQuestion 26\tWhich of the following collective choice rules is likely to have the lowest political externalities?\tQuestion 27\tThe demand curve for a pure public good is:\tQuestion 28\tVoter A will normally vote in favor of one security guard per week because his marginal benefit is $125 and his tax share is $100 per week. Voter A receives zero marginal benefit from one concert a week and would vote against it. Voter B receives $125 marginal benefit from one concert per week but no marginal benefit from one security guard. One concert per week also will fail to gain a majority when put to the vote. Assuming that both Voter A and Voter B will pay $100 per week in tax for each concert and each security guard,\tQuestion 29\tThe plurality rule is:\tQuestion 30\tA public choice is:<\/p>\n","protected":false},"excerpt":{"rendered":"
Question 1 Which of the following is a good example of a congestible public good? Question 2 A baseball field is: Question 3 A means of creating a price-excludable public good is: Question 4 An example of an undesirable public Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-210765","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/210765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=210765"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/210765\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=210765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=210765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=210765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}