Lecture 13 warm up

Froggy Jumps

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Lecture 13 trivia challenge

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Carolina Santellano

United States

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Froggy Jumps Lecture 13 warm upOnline version Lecture 13 trivia challenge by Carolina Santellano 1 What is the free rider problem? a Governments fund all public goods b People benefit from a good without paying for it c All participants contribute equally 2 Which issue arises when many actors share the benefits of a policy but none pays for it? a Pareto improvement b Collective action problem c Monopoly power 3 Public goods often generate positive externalities because: a They are always privately funded b They have negative side effects c People benefit beyond those who pay for them 4 Which is an example of a public good? a A subway ride b A national defense system c A private toll road 5 What makes a pure a public good? a Low marginal cost but excludable b Non-rival and non-excludable c Rival and excludable 6 Which is an example of a public good? a National defense b Cable TV c Private park 7 Why are public goods often underprovided in a free market? a Free-rider problem b Limited demand c High production costs 8 Non-excludability means:** a No one can be easily excluded from using it b It cannot be taxed c It is produced privately 9 Which is a method to finance public goods? a User fees only b Private equity c Taxation 10 Public goods can lead to which of the following externalities? a Negative externalities only b Positive externalities c No externalities 11 Which statement best defines a public good’s exclusive use? a Usage is always priced per person b It is difficult to exclude non-payers c It can be easily sold to individuals

Froggy Jumps

Lecture 13 warm upOnline version

Lecture 13 trivia challenge

by Carolina Santellano

What is the free rider problem?

Governments fund all public goods

People benefit from a good without paying for it

All participants contribute equally

Which issue arises when many actors share the benefits of a policy but none pays for it?

Pareto improvement

Collective action problem

Monopoly power

Public goods often generate positive externalities because:

They are always privately funded

They have negative side effects

People benefit beyond those who pay for them

Which is an example of a public good?

A subway ride

A national defense system

A private toll road

What makes a pure a public good?

Low marginal cost but excludable

Non-rival and non-excludable

Rival and excludable

Which is an example of a public good?

National defense

Cable TV

Private park

Why are public goods often underprovided in a free market?

Free-rider problem

Limited demand

High production costs

Non-excludability means:**

No one can be easily excluded from using it

It cannot be taxed

It is produced privately

Which is a method to finance public goods?

User fees only

Private equity

Taxation

Public goods can lead to which of the following externalities?

Negative externalities only

Positive externalities

No externalities

Which statement best defines a public good’s exclusive use?

Usage is always priced per person

It is difficult to exclude non-payers

It can be easily sold to individuals

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Lecture 13 warm up

Froggy Jumps

About this activity

Created by

Download the paper version to play

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Froggy Jumps

Lecture 13 warm upOnline version

by Carolina Santellano

What is the free rider problem?

Which issue arises when many actors share the benefits of a policy but none pays for it?

Public goods often generate positive externalities because:

Which is an example of a public good?

What makes a pure a public good?

Which is an example of a public good?

Why are public goods often underprovided in a free market?

Non-excludability means:**

Which is a method to finance public goods?

Public goods can lead to which of the following externalities?

Which statement best defines a public good’s exclusive use?

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