罗森财政学第七版(英文版)配套习题及答案Chap004.docVIP

CHAPTER 4 - Public Goods MultipleChoice Questions 1. Public goods are characterized by a nonrivalness. b excludability. c the sum of the MRSs equaling MRT. d all of the above. 2. Market mechanisms are unlikely to provide a prices. b nonrival goods efficiently. c supply and demand. d none of the above. 3. A pure private good is a nonrival in consumption and subject to exclusion. b rival in consumption and subject to exclusion. c rival in consumption and not subject to exclusion. d all of the above. 4. Commodity egalitarianism refers to commodities that a are important for most consumers. b are too dangerous for most consumers. c should be made available to all consumers. d are good ideas but never produced. e are produced in bulk. 5. Charging individual prices that are based on consumers’ willingness to pay is a government price supports. b will pricing. c second tier pricing. d price discrimination. 6. Equilibrium for public goods is characterized by a MSB MSB. b MRS MRT. c MRS MRS MRS … MRS MRT. d MC MB. e MRS – MRT MSB. 7. Summing demand curves horizontally sends market ______________ to individuals, while summing vertically sends market ______________ to individuals. a price; price b quantity; quantity c quantity; price d price; quantity 8. Public goods can be a provided privately. b provided publicly. c subject to free rider problems. d all of the above. 9. A ________ is a person who wants to enjoy the benefits of a public good without contributing his or her marginal benefit to the cost of financing the amount made. a free rider b politician c price maker d price optimizer 10. Congestible public goods a are nonrival in consumption. b can not be priced in the market. c are rival in consumption. d are never provided by the private sector. 11. A private good is a nonrival in consumption. b subject to free rider problems. c subject to exclusion. d not subject to exclusion. e none of the above. 12. When